Trump Tariff Drama: $135B Payday or Legal Dumpster Fire?
Half a year ago, economists freaked out over President Trump's tariff blitzkrieg, warning of apocalypse-level economic damage. Fast forward to now — Wall Street loves the $135 billion tariff revenue through July, double last year's loot, and Treasury Secretary Scott Bessent bragging about $30 billion scooped in two months. But wait! Friday’s appeals court just served a hot legal tortilla, declaring about 70% of imports’ tariffs illegal because Trump went all rogue using the International Emergency Economic Powers Act. POTUS threw a tantrum on Truth Social calling rollback 'total disaster,' while bond markets flipped harder than a pancake, fearing deficit carnage and 5% 30-year yields. Drama unfolds until Oct 14, when tariffs might vanish or survive like a bad sequel.
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Trump’s tariff circus: $135B cash cow today, illegal stunt tomorrow, and bond markets losing their minds in the middle. Forget rollercoasters, try investing in America’s fiscal psyche.
Imagine arguing you need illegal tariffs to keep the country 'financially strong' while simultaneously tanking bond markets and confusing investors more than a crypto influencer in 2017.
Trump’s tariff policy is like a moonwalk dunk — looked cool at first, but now courts want a replay because he clearly stepped outside the lines of authority.
Source: Axios | Published: 9/2/2025 | Author: Courtenay Brown
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