

In the previous opinion, SCOTUS didn’t say that nationwide class actions or APA suits are legal. They just declined to rule on those, and I believe a justice said class actions might be viable substitutes in a concurring opinion.
My guess is we’re going to find out what they think about this class action pretty fast.
When this country was founded, tariff revenue was enough to fund the entire federal government. Those days are long gone, and they’re not coming back.
Nowadays, there are basically two reasons to play the tariff game. 1. Extract tariff concessions from your trading partners, and 2. Encourage domestic production. The problem is, if you’re going for #1, you have to be willing to drop your tariffs at the drop off a hat to make a deal. If you’re playing #2, the people that build factories and whatnot want assurances that the tariff supports will be in place for years and years.
So you can see that there’s an inherent trade-off between #1 and #2. To some extent, you cannot serve both masters. But Trump has been playing both strategies at the same time without a care in the world. There are… consequences… to doing that, which I am sure we will all get to experience.
Edit: okay, okay. This Bolsonaro thing is a brand new strategy #3 which I’m calling… Oh geez… I gotta go buy some more beer.