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- cross-posted to:
- [email protected]
The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers Act at 12:01 a.m. EST (0501 GMT) on Tuesday, more than three days after the U.S. Supreme Court declared the duties illegal.
The agency said in a message to shippers, opens new tab on its Cargo Systems Messaging Service (CSMS) that it will de-activate all tariff codes associated with Donald Trump’s prior IEEPA-related orders as of Tuesday.
The IEEPA tariff collection halt coincides with Trump’s imposition of a new, 15% global tariff under a different legal authority to replace the ones struck down by the Supreme Court on Friday.
because republicans are disaster capitalists, and neoliberals capitalists smart enough to know what that implies when they’re in power. they’re trying to crash the economy so they can buy distressed assets on the cheap when it crumbles.
then once it crashes the old guard will come out of the woodwork and play damage control after the fact, pinning everything on trump/his sycophants. pretending like this isn’t the same old game of boom/bust they’ve been playing for generations
the only difference between republicans qnd neolibs is neolibs like to keep the veneer of fair play, so there isn’t blood in the streets when it’s time for the dump cycle. they are otherwise on the same team with their fellow capitalists.