Old McDonald said:

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as it should be, any loss for trump is a win for america

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What an absurd take.

Old McDonald said:

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as it should be, any loss for trump is a win for america

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the whole system has become a complicated and corrupt mess

The best thing about the whole tariff issue is that now Democrats don't like tariffs AND acknowledge that taxes imposed on businesses are just passed through to consumers...


Of course, being the complete hypocrites they are, the second they get power, they'll get back to "tax the evil corporations" again...

When the govt has to borrow money to meet debt….i would say that meets the requirement for an emergency.

Using tariffs to punish country's who do business with sanctioned country's is very useful for changing behaviors.

Having the ability to demonstrate an overall strategy and it implementation plan should be considered as well.

It is almost like there is this shadowy force that doesn't want the US to become wealthy again and economically dominate the globe.

….as long as the Dem's support operations on healthy kids body's I don't really care to hear anything from them.

Capt. Augustus McCrae said:

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Old McDonald said:

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as it should be, any loss for trump is a win for america

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What an absurd take.

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It is. Trump and his administration has had so many wins that have directly benefitted everyone…..in old McDonald

Old McDonald said:

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as it should be, any loss for trump is a win for america

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Tariffs aside so you are in favor of open borders and child mutilation of genitals?

Great take.

Ag with kids said:

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The best thing about the whole tariff issue is that now Democrats don't like tariffs AND acknowledge that taxes imposed on businesses are just passed through to consumers...

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True, but they are just being replaced by Republicans that claim that businesses aren't just passin that cost to consumers!

Old McDonald said:

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trump's tariffs have been an abject failure, this is good news

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Agreed, but your comment of "any loss for Trump is a win for America" is an idiotic comment.

So what is the rightful process for implementing tariffs? If anything, foreign countries were exposed during all of this for upside down trading costs! Tariffs are a good thing by making the trading ground equal. It also creates more "self-sufficiency" for our country. There have been more US manufacturing construction in the last 2 years than all of history.

caleblyn said:

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So what is the rightful process for implementing tariffs? If anything, foreign countries were exposed during all of this for upside down trading costs! Tariffs are a good thing by making the trading ground equal. It also creates more "self-sufficiency" for our country. There have been more US manufacturing construction in the last 2 years than all of history.

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For one, the relationship between tariffs and trade deficits is a false one. Deficits are going to happen no matter what based on the realities of what is being traded by who, differences in populations, goods and services specialization, etc.

It was always dumb by Trump to equate trade deficits with tariffs. One of the few topics I disagree with him on and where he is objectively wrong. There are some legitimate tariffs - the actual reciprocal ones but he went global with their use during his May announcement which was just dumb.

The problem is that he went with tariffs because there is no appetite by anyone in America to cut spending. That's where we should have focused all of our attention and not tariffs.

Old McDonald said:

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trump's tariffs have been an abject failure, this is good news

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Please present an economic case that this is true.

Will be fun to read.

caleblyn said:

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So what is the rightful process for implementing tariffs? If anything, foreign countries were exposed during all of this for upside down trading costs! Tariffs are a good thing by making the trading ground equal. It also creates more "self-sufficiency" for our country. There have been more US manufacturing construction in the last 2 years than all of history.

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Impose them through, for example, the Trade Act, which Congress gave Trump the authority to do, but requires more red tape than the IEEPA.

YouBet said:

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caleblyn said:

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So what is the rightful process for implementing tariffs? If anything, foreign countries were exposed during all of this for upside down trading costs! Tariffs are a good thing by making the trading ground equal. It also creates more "self-sufficiency" for our country. There have been more US manufacturing construction in the last 2 years than all of history.

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You Bet: For one, the relationship between tariffs and trade deficits is a false one. Deficits are going to happen no matter what based on the realities of what is being traded by who, differences in populations, goods and services specialization, etc.

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This is a silly take.

Tariffs are a tax on importing goods. Taxing an activity reduces that activity. Saying that we can't eliminate trade deficits with tariffs alone is a true statement, because the situation is complicated. Implying that tariffs don't impact trade deficits is absolutely silly.

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You Bet: It was always dumb by Trump to equate trade deficits with tariffs. One of the few topics I disagree with him on and where he is objectively wrong. There are some legitimate tariffs - the actual reciprocal ones but he went global with their use during his May announcement which was just dumb.

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I agree with you here. You can't be the worlds reserve currency unless you are exporting currency. You can't export currency without trade deficits.

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You Bet: The problem is that he went with tariffs because there is no appetite by anyone in America to cut spending. That's where we should have focused all of our attention and not tariffs.

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I think that these are two separate problems. We needed tariffs to level the playing field for international trade. That is good for our economy, but shouldn't be viewed as a reliable source of tax revenue. Separately, we need to cut spending. A lot. I think if we just eliminate fraud, we would cut enough.

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Saying that we can't eliminate trade deficits with tariffs alone is a true statement, because the situation is complicated.

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This is what I was referring to because Trump has flat out declared our trade deficits are due to punitive tariffs by other countries against us, which is just flat out stupid, thus the reason he went this route. We are the largest consumers on the planet by miles, so we are naturally going to have deficits with the countries who pretty much solely exist to make goods for us and the West.

I agree that tariffs and spending are two separate problems, but I maintain that one of the primary reasons Trump went hard in the paint on tariffs is because actually cutting spending was removed from consideration even by the Republicans.

Their official policy plank declares they are not going to touch entitlement spending nor the military which is over 2/3 of our annual spend. That limited Trump to a small sliver of discretionary spend that he attacked with DOGE. Noble and glad he did it, but that was always going to be largely pointless and not even a rounding error of cuts to our long-term trajectory.

So, with actual spending cuts off the table that left Trump with trying to outgrow our spending with revenue which led him to tariffs as one way to get there.

BusterAg said:

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Old McDonald said:

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trump's tariffs have been an abject failure, this is good news

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Please present an economic case that this is true.

Will be fun to read.

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Yeah...that 4% growth sucks...

Justice Gorsuch is often called the most libertarian justice. I think this might be his most (capital L) Libertarian opinion. Not just because of its content. But because the basic point is: "I noticed that 5 of you agreed with me. With all respect, how very dare you." https://t.co/jUPyjud0Pd

— Casey Mattox (@CaseyMattox_) February 23, 2026

I was listening to Sarah Isgur's podcast this morning discussing the case. They made this exact point.

Fallout:

https://www.reuters.com/world/fedex-sues-us-refund-trumps-emergency-tariffs-2026-02-23/

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Global transportation company FedEx (FDX.N), opens new tab on Monday filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump's emergency tariffs, one of the highest profile moves to recover funds since the U.S. Supreme Court last week deemed the tariffs illegal.

A flood of lawsuits to recover billions of dollars is expected by trade attorneys after the blockbuster ruling. The recovery process still has to be worked out by a lower court, though, complicating the matter.

More than $175 billion in U.S. tariff collections are subject to potential refunds after the U.S. Supreme Court on Friday ruled 6-3 that Trump overstepped his authority by using the International Emergency Economic Powers Act, a sanctions law, to impose tariffs on imported goods, Penn-Wharton Budget Model economists said.

"Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States," FedEx said in the lawsuit, referring to tariffs Trump imposed.

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