The majority of the sweeping tariffs Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds.

That potentially dramatic turn in the tariff saga comes after a federal appeals court ruled on Friday that Trump unlawfully leaned on the International Emergency Economic Powers Act (IEEPA) to impose across-the-board duties on countries.

Trump had used those powers to push import tax rates as high as 50% on India and Brazil – and as high as 145% on China earlier this year.

  • whiwake@lemmy.cafe
    link
    fedilink
    English
    arrow-up
    143
    ·
    2 days ago

    Right. Everything today is about softening you up. They say, we will kill you—and you panic—then they roll it back to just losing an arm, and you’re happy about it.

      • givesomefucks@lemmy.world
        link
        fedilink
        English
        arrow-up
        51
        ·
        2 days ago

        No, that’s the ratchet effect.

        A frog boil is when you slowly raise the temperature so the frogs don’t even realize they’re being boiled.

        An example of frog boiling is having national guard just roam around not doing anything. People are pissed out of principle, but they’re not really doing anything for people to riot over. By the time they are, some people will be used to it already and not as pissed as if it was all at once.

        • Octavio@lemmy.world
          link
          fedilink
          arrow-up
          3
          ·
          17 hours ago

          It’s also kind of funny because while the frog boiling effect certainly exists, the phenomenon it’s named after does not. A frog will absolutely jump out of gradually heated water when it reaches an uncomfortable temperature.

          • givesomefucks@lemmy.world
            link
            fedilink
            English
            arrow-up
            2
            ·
            17 hours ago

            Well, yeah…

            That’s like “dollars to doughnuts” became a thing when a dollar bought a dozen doughnuts. Now you can’t buy a single doughnut for a dollar.

            But idioms still remain in the original meaning despite them not making sense.

    • CmdrShepard49@sh.itjust.works
      link
      fedilink
      arrow-up
      21
      ·
      2 days ago

      This is called “price anchoring” when used in business. They throw out an outrageously high number to start and then follow it up with something less to make it seem like a good deal when that was really the price they wanted all along.

      • whiwake@lemmy.cafe
        link
        fedilink
        English
        arrow-up
        2
        ·
        2 days ago

        If they’ve lost an arm and a leg that means they have another arm and a leg to lose! Capitalism! ;)