Dominic Pino Profile picture
Aug 29 13 tweets 3 min read Read on X
Shocking: Court finds that law that never mentions tariffs doesn't give the president unlimited power to levy tariffs. Image
Just like the lower court, the appeals court is not relying in any way on its opinions on the soundness of tariffs, and it is not ruling on whether the executive branch may ever levy tariffs. Image
"We first consider the statutory text"

A beautiful thing to see in a judicial opinion
The court rightly points out that Trump has no shortage of legal options to impose tariffs.

But he didn't use those because they involve review processes, deadlines, public comment periods, and other restraints on his unilateral action. Image
"The Government’s interpretation of IEEPA as providing the President power to impose unlimited tariffs also runs afoul of the major questions doctrine."

There's a choir of angels singing in the background here.
The court cites West Virginia v. EPA (which struck down an Obama clean air rule) and Biden v. Nebraska (which struck down the student-loan "forgiveness") here.

Both opinions written by Chief Justice Roberts.
If you're confused as to why Trump's first-term tariffs were allowed but these are not, here's the reason why:

They were done under a different law that doesn't give him, or any president, the authority to do so. Image
"The invocation of IEEPA to impose tariffs on nearly every country in the world is undoubtedly a significant departure from these previous invocations."

Ya think?
The court explicitly compares the Trump administration's argument for broad tariffs to the Biden administration's argument for broad student-debt forgiveness. Image
To the government's defense of the tariffs as a national security measure, the court's response is simple:

The power to tax is not a national security power, and it belongs to Congress. Image
Second group of judges adds a concurrence saying they agree with the majority in full AND believe IEEPA does not allow the president to impose any tariffs at all.
And the dissent that supported Trump's power to impose tariffs under IEEPA was written by an Obama-appointed judge.
These were just some highlights. You can read the whole thing for yourself here:
storage.courtlistener.com/recap/gov.usco…

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More from @DominicJPino

Aug 2
Mad about jobs report inaccuracy? One reason it has gotten harder in recent years is declining survey response rates.

There was an unpaid advisory group of statistical experts that was working on solving that problem at its last meeting...

before Howard Lutnick disbanded it.🧵
The Federal Economic Statistics Advisory Committee (FESAC) was established in 1999 to advise the Bureau of Labor Statistics, Bureau of Economic Analysis, and the Census Bureau, on technical methodology issues.
FESAC was composed of 15 unpaid members who volunteered their expertise to help improve the data that the government and private sector rely on to make decisions.

They had full-time jobs elsewhere, in academia, at think tanks, and in the private sector.
Read 12 tweets
Apr 17
At the same time as U.S. manufacturing’s employment share has fallen, China has become the world’s largest manufacturer.

It’s tempting to believe that if not for the plotting of a foreign dictatorship, U.S. manufacturing would still be what it was.

But that's not right. 🧵
As long as modern economics has existed, economists have been thinking about stages of development.

Adam Smith divided economic development into four stages: the age of hunters, the age of shepherds, the age of agriculture, and the age of commerce. Image
Rather than Smith’s four stages, one of the descriptions economists use today of development has three stages, and their names emphasize that they occur in roughly the same order everywhere in the world:

Primary (agriculture), secondary (industry), and tertiary (services).
Read 16 tweets
Jan 3, 2020
I really don't like the way the media report on troop movements. Reports like this are disingenuous for a few reasons.

If you're worried about #WWIII, this ain't it. [THREAD 1/12]

cnn.com/2020/01/03/pol…
1. It's not like the Army just now decided to add troops. The 3,000 additional soldiers are from the 82nd Airborne, which exists to respond quickly to incidents. They are specifically trained for times like this and expect to be deployed. [2/12]
home.army.mil/bragg/index.ph…
There are contingency plans in place at all times and threat levels that change and demand troop movements. The 82nd is always "on call" at Fort Bragg, so to speak, and they've been deployed dozens of times already in the War on Terror. [3/12]
en.wikipedia.org/wiki/82nd_Airb…
Read 12 tweets

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