Tariffs are Taxes

Congress or SCOTUS needs to take the tariffs keys away!

Just a reminder that the Constitution gives Congress the power to set tariffs. It could end this madness any day they chose to discover their power.

SCOTUS could still declare emergency tariffs illegal — which would be a fun cherry on this sundae. 🍨

It’s called “They hate us cause they ain’t us!”

I’m Neva gonna be playing this.

Fox: Roasted coffee prices are up 22% in the past year. There's a 50% tariff on coffee from Brazil. That's the nation's biggest coffee supplier. Take a look at this bag right here. The container that bag came in is costing this coffee shop $68,000 more than it did over the summer

This has got to be Nintendo Pictures (Dynamo Pictures) and they are making new Pikmin shorts.

New Tariffs Could Worsen America’s Housing Crisis

From NYT Business:

Trump’s tariffs on timber, wood, furniture and kitchen cabinets could raise the cost of building and buying a home.

www.nytimes.com/2025/10/02/b...

The Tariff Exemption Behind the AI Boom Data Centers get Tariff-Free Imports. Why Shouldn't we All?

NEW from me:

In his 2nd term, Trump has pursued the largest trade war in modern US history—with 1 glaring omission. Computer imports are almost entirely exempt from tariffs

It's a special carveout that AI companies are now reliant on for their data center buildout🧵
www.apricitas.io/p/the-tariff...

Impact of Trump tariffs is beginning to show in US consumer prices Trade levies are starting to drive up costs for goods from cans of soup to car parts

US prices behaving pretty much as you'd expect after tariffs, not least given time lags and the various mark-ups on top of import costs www.ft.com/content/f4bd...

Looks like in most of those cases the customs broker (probably UPS) declared the wrong people as the importer of record. They'll likely get hit with fines, and hopefully for them this is not a widespread issue. I imagine they didn't have their processes in place for the de minimis changes.

At what point are we allowed to say Trump has started another War?

Kind of feels like the economy will fall into recession or worse just in time for a Democratic president to have to spend all their political capital to rescue it and then get no credit for doing so.

What Trump used to do with Jeffrey Epstein at Mar A Lago must be really sick and depraved for the amount of projection that he regularly spews about his opponents being evil and satanic.

It’s not mentioned much that Trump sees partial benefit to a shutdown as a way to force the Fed to lower interest rates. The job report is delayed as is other economic data, which increases the likelihood the Fed sticks to their projections of two more cuts this year, despite increased inflation.

I wish they added a little more to these games to make them true remasters. It would differentiate from the All-Star collection and help justify the price. That said I’ll still be buying them as I haven’t played either in a very long while.

All the while bailing out Argentina for their failed far-right experiment with $20 billion. But no infrastructure money for “Democrat” cities.

I like the sad little trombone song it would play if you measured obese.

Get ready for the next big bailout Trump's tariffs are wrecking the agribusiness economy — again.

Aren’t tariffs just wonderful? First, you tell everybody that somebody else pays them. Then you create confusion about how high they will be. Then you set tariffs at absurd levels. You act surprised when countries object. When your farmers complain you use all the tariff revenue to appease them.

Are we headed towards autarky, Joey?

Again, getting to $1T/yr in tariff revenues would require ~tripling tariffs from their current level

Either the administration intends to further massively expand their trade war, is just blatantly lying about the revenue projections, or some combination of the two.

I think they will use Section 301 on a country by country basis. They also keep expanding Section 232 to cover more and more goods, so nothing is completely safe.

Love your work, Steven! Even though I don’t have a subscription, I still see you posting through it!

The fascism is sure to confound many of these “gun rights” activists.

I want the Mariners to go deep because they’ve never been to a World Series and also they have Nintendo Switch 2 badges on their sleeves.

I remember when online right-wingers were conspiracy mongering about Jade Helm 15 a decade ago. Now their dear leader is openly calling for it!

UBS, on the new softwood timber/lumber tariffs:

".. We estimate that these new tariffs will add approximately $720 to the cost of an average home due to the increased lumber tariffs. Additionally, the levies on cabinets and vanities are expected to increase costs by about $280 per home."

Making me thirsty for a Super Mario Galaxy 3!

Whoever he’s talking about, it sure sounds like projection!