Will Supreme Court Uphold Trump World Vision on Tariffs
STATEMENT
OF
EUGENE
DELGAUDIO,
PRESIDENT
OF
PUBLIC
ADVOCATE
PERMISSION
GRANTED
IN
ADVANCE
TO
QUOTE
IN
WHOLE
OR
IN
PART
JANUARY
10
2025
Eugene Delgaudio, president of Public Advocate says "President Donald Trump's tariffs are an attempt to balance the treatment of the United States for years by foreign governments using their governmental powers to gain a trade advantage over the United States. We thank President Trump for attempting to offset this imbalance with tariffs levied on foreign products coming to America. The promise to send taxpaying Americans a tariff dividend is a worthy reward for a successful tax collection on countries doing business in the United States. It is our hope here at Public Advocate that the Supreme Court keep a tradition of 200 years for America and maintain a majority of Trump's tariffs. Disarming America when 199 countries charge America a tariff would be suicidal."
Photo credit: Eugene Delgaudio, president of Public Advocate dressed as a Judge at the Supreme Court.
Countries with the highest Tariffs
PRE-2ND TERM TRUMP LIST OF 199 COUNTRIES AND THEIR TARIFF RATES ON US (2021)
CURRENT TARIFF RATE FOR 18 COUNTRIES IN 2025 (AVALARA)
How Trump's tariffs could actually work
Economists prefer free trade because it is the best policy for global welfare. But what the debate around tariffs often fails to recognize is that there is an economic rationale for U.S. tariffs of 15 to 20 percent.
Large countries like the U.S. have market power, which means U.S. demand affects global prices. Tariffs depress U.S. demand, pushing global prices down. As a result of tariffs, the U.S. imports goods at lower prices and also obtains revenue in the process.
MANY REPORTS IN THE MEDIA CLAIM DECISION WILL ANNOUNCED WEDNESDAY JANUARY 14
When it does come, the decision will address two issues: whether the administration can use provisions under the International Emergency Economic Powers Act to levy the tariffs, and if it isn't proper, if the U.S. will have to reimburse those importers who already have paid the duties.
However, the final decision could also fall somewhere in between.
The court has the option to grant limited powers under the IEEPA and require only limited repayment, along with multiple other options for how it handles a touchy matter that is being closely watched on Wall Street.
Moreover, even should the White House lose the case, it has other tools in its chest to implement tariffs that don't require the emergency powers cited under the act.