Letters from an American May 28, 2025
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May 29, 2025 A recent court ruling declared President Trump's tariffs illegal, highlighting congressional authority in trade matters and introducing the quirky term 'taco trade.' The discussion dives into a political figure's questionable financial dealings linked to tariff manipulation, alongside controversial pardons that expose inconsistencies in their policies. Additionally, Trump's comments about pardoning those involved in a conspiracy against a Democratic governor showcase his strategy to rally far-right supporters, intertwined with extremist symbolism and QAnon narratives.
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Tariff Authority Limits
- The US Constitution grants Congress exclusive power to impose tariffs, preventing the executive branch from unlimited tariff authority.
- Trump's use of emergency powers for tariffs exceeded constitutional limits, leading courts to block his tariff maneuvers.
Trump's Tariffs and Market Strategy
- Investors use the "taco trade" strategy by buying stocks after Trump's tariff threats and selling after market rebounds.
- Trump's repeated tariff changes have enriched the Trump family through international deals influenced by his tariff policies.
Trump Family's International Deals
- Eric Trump helped inaugurate a $1.5 billion luxury real estate project in Vietnam amid high tariffs imposed by his father.
- Vietnamese officials bypassed their laws to secure deals with the Trump family, avoiding tariffs through rushed agreements.