The DSR Network The Daily Blast: Trump Tariff Fiasco Worsens as Brutal New Reports Reveal a Fresh Scam
May 14, 2025
Ilya Somin, a law professor at George Mason University, joins the discussion to delve into the serious legal dilemmas surrounding Trump's tariffs on China. He highlights recent reports that reveal the tariffs as a massive scam, causing global economic turmoil without achieving meaningful concessions. Somin explains the weak legal foundation of these tariffs and the brewing lawsuits set to challenge them. The conversation also critiques the dangers of unilateral presidential tariff authority and its implications for the economy.
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Trump's Tariff Retreat Is Hollow
- Trump's tariff reduction from 145% to 30% is a major retreat without gaining new concessions.
- The current deal worsens the situation with ongoing high tariffs and temporary relief for 90 days.
Tariffs Cause Economic Uncertainty
- Tariffs create massive uncertainty, impairing long-term business planning and investments.
- Tariff rates can change unpredictably by presidential decree, undermining economic stability.
Tariffs Lack Legal Emergency Basis
- Trump's invocation of the International Emergency Economic Powers Act to impose tariffs is legally weak.
- Trade deficits are not a national emergency nor an extraordinary threat justified under the law.