I agree. Congress can take the tariff authority away from the president and reverse all the tariffs. No one is talking about this, but it would be simple common sense. They would need a veto proof majority, unless Trump changes his mind. Or Trump could declare victory and end the tariffs. /1+ - ThreadSky

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scottysmalls.bsky.social • 19 hours ago

I agree. Congress can take the tariff authority away from the president and reverse all the tariffs. No one is talking about this, but it would be simple common sense. They would need a veto proof majority, unless Trump changes his mind. Or Trump could declare victory and end the tariffs. /1+

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jgrestore.bsky.social•18 hours ago

At the end of the day, Congress is driven by two things: Money and power.
Without money, they lose their power.
They will not sit back and watch all of their investments/financial security get vaporized by a [currently] term-limited leader, especially with big donors on their backs.

yutikalcimite.bsky.social•18 hours ago

I agree. Even if the Republican congress reversed this today they'd get shellacked in the midterms. Though won't reverse it today. Pressure will build on them as pain is felt by the country and tick tick tick until the midterms.

scottysmalls.bsky.social•19 hours ago

Or it could be somewhere in the middle: Tons of carve-outs that reduce the damage and retaliation. /2

yutikalcimite.bsky.social•19 hours ago

I'll submit the decline in the market today is almost all focused on that uncertainty. They have not yet priced in what happens if the tariffs truly stick for at least six months. If they had priced that in I believe we would have reached the automatic trips already.

scottysmalls.bsky.social•18 hours ago

Could be.

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