IEEPA
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šØšØ #IEEPA šØšØ
šØ BIG: 12 U.S. states are suing Trump over his latest tariffs ā hereās whatās really going on:
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āļø The Lawsuit
A group of Democratic-led states (including NY, Illinois, Arizona, and Colorado) just sued Trump, saying his new tariffs are unconstitutional.
Why? Because he used the IEEPA (a national emergency law) to bypass Congress and slap on new trade tariffs.
---
šµ Whatās the Issue?
The states argue this is a power grab ā only Congress has the right to control taxes and tariffs.
They say the tariffs are hitting their economies hard: raising prices, hurting local businesses, and stalling job growth.
---
šļø Industries Feeling the Heat
These tariffs are reportedly driving up costs in construction, agriculture, and manufacturing.
Think: more expensive steel, energy, and even groceries. Not great timing during inflation worries.
---
šļø Trumpās Defense
Trumpās team says these tariffs are about national security and cracking down on unfair trade practices.
They call the lawsuit āpolitical theaterā and claim the IEEPA gives him the full right to act in emergencies.
---
š Why It Matters
This could set a major legal precedent: Can a president use emergency powers to change trade policy without Congress?
If the courts side with the states, it could rein in executive power big time.
---
Stay tuned ā this case might reshape how trade, law, and politics mix in 2025.
šØ BIG: 12 U.S. states are suing Trump over his latest tariffs ā hereās whatās really going on:
---
āļø The Lawsuit
A group of Democratic-led states (including NY, Illinois, Arizona, and Colorado) just sued Trump, saying his new tariffs are unconstitutional.
Why? Because he used the IEEPA (a national emergency law) to bypass Congress and slap on new trade tariffs.
---
šµ Whatās the Issue?
The states argue this is a power grab ā only Congress has the right to control taxes and tariffs.
They say the tariffs are hitting their economies hard: raising prices, hurting local businesses, and stalling job growth.
---
šļø Industries Feeling the Heat
These tariffs are reportedly driving up costs in construction, agriculture, and manufacturing.
Think: more expensive steel, energy, and even groceries. Not great timing during inflation worries.
---
šļø Trumpās Defense
Trumpās team says these tariffs are about national security and cracking down on unfair trade practices.
They call the lawsuit āpolitical theaterā and claim the IEEPA gives him the full right to act in emergencies.
---
š Why It Matters
This could set a major legal precedent: Can a president use emergency powers to change trade policy without Congress?
If the courts side with the states, it could rein in executive power big time.
---
Stay tuned ā this case might reshape how trade, law, and politics mix in 2025.
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š¤Æ #crypto Trillion Bloodbath
Trump's tariff war caused trillions of losses to the entire #å åÆåøåŗ in 24 hours!
In the recent market situation, it is really the president whether it goes up or down!
No, for this round of bull market, today's wash is a good thing. There will be no surge without a plunge.
Ethereum fell by more than 30% in 24 hours, and the wash is quite thorough. If you want to lay out $ETH, you can place a spot order around 2300. Should it be the last chance to get on board this year?
Attached are the specific tariff contents:
For Mexico and Canada: implement a 25% import tariff, including a 10% tariff on Canadian energy products.
For China: an additional 10% tariff.
Implementation basis: through the International Emergency Economic Powers Act#IEEPA
Reason: Trump mentioned that this is due to the significant threat of illegal immigrants and deadly drugs to American citizens. He stressed that it is his duty to protect Americans, and mentioned that he had promised during his campaign to stop the flow of illegal immigration and drugs into the United States, which the American people supported.
Trump's tariff war caused trillions of losses to the entire #å åÆåøåŗ in 24 hours!
In the recent market situation, it is really the president whether it goes up or down!
No, for this round of bull market, today's wash is a good thing. There will be no surge without a plunge.
Ethereum fell by more than 30% in 24 hours, and the wash is quite thorough. If you want to lay out $ETH, you can place a spot order around 2300. Should it be the last chance to get on board this year?
Attached are the specific tariff contents:
For Mexico and Canada: implement a 25% import tariff, including a 10% tariff on Canadian energy products.
For China: an additional 10% tariff.
Implementation basis: through the International Emergency Economic Powers Act#IEEPA
Reason: Trump mentioned that this is due to the significant threat of illegal immigrants and deadly drugs to American citizens. He stressed that it is his duty to protect Americans, and mentioned that he had promised during his campaign to stop the flow of illegal immigration and drugs into the United States, which the American people supported.
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