25% tariff on medium- and heavy-duty trucks entering US

The company i work for has tile loads we haul come from turkey and other places over seas..Go to small retailers in az... was hauling a good amount of them right up until tarriffs went into effect. Ive hauled 1 load in the last 6 months... Now they are saying tarriffs are unconstitutional and challenging it in court.. so what happens to all the tariff money "collected" if found they are illegal? This country is a hot mess right now...

 

Congress already said it was legal. Don't worry what the lower courts say, it is all just drama for the people and has no merit.

 

That is not true. Congress is the only one that has power to impose taxes.. as much as i like trump, he thinks he can do whatever he wants at anytime and it will be his downfall eventually. Upholding the law on all matters is an important issue. Its the only thing that keeps this country from completely imploding. This is in the supreme court now. Will be interesting to see what they rule..

 

The courts do not have the final say on any subject, congress and the president has that final say. Congress has delegated tariff rate setting to the executive branch, which makes it legal.

 

"Ford expects to lose about $2 billion in 2025 due to U.S. tariffs on imported vehicles and parts,"
Imported is the key word here. The USA used to lead the world in manufacturing and did fine then. The USA has lost millions of manufacturing jobs in the last 20 years. The whole purpose of the tariffs is to bring some of that back here.

 

That is not true either. So WHEN the supreme court rules that tarrifs is unconstitutional... which is most likely what is going to happen.. id like to know what happens to all the money that has been collected so far?

 

What part isn’t true?

 

Saying the courts have no power. If something is ruled to be unconstitutional, that doesnt mean the president can keep doing it because he thinks its legal in his own mind. it is also untrue that congress has passed on the duty of imposing tarriffs to trump. They have actually done the exact opposite and told trump they are very illegal and oppose them every step of the way... It will all come to a screeching halt eventually and its going to be an even hotter mess than it already is.

 

A) that congress has approved Trumps new tariffs

B) the courts don't have the final say on if Trumps tariffs are legal/constitutional.

 

• A tariff is a tax on foreign goods that raises revenue for the imposing government. Motivations for imposing tariffs range from revitalizing local industries to addressing unfair trade.
  
  
• Importers legally pay US tariffs, but their economic burden (i.e., who really pays) depends: It can be borne by American consumers, businesses, and exporters, by foreigners exporting to the United States, or by some combination of these groups.
  
  
• Economists use a variety of methods to analyze how tariffs affect protected companies, consumers, importing firms, exporters, and our economy overall. They generally find that tariffs benefit some but hurt far more others, thus lowering overall living standards and economic growth. Tariff-protected industries also rarely (if ever) become stronger.
  
  
• Recent empirical evidence indicates the new US tariffs imposed in 2018 and 2019 were almost entirely passed on to US consumers, resulting in higher prices and reduced export growth.
  
  
• Tariffs often lead to cascading protectionism and create a fertile ground for corruption. The 2018–2019 tariffs on China led to a complex process of exclusion requests, lobbying, and retaliatory tariffs, demonstrating the multifaceted harms of protectionist measures.

https://www.cato.org/publications/separating-tariff-facts-tariff-fictions

This is good reading for anyone looking to understand tariffs in general and the specific impact of recent events.