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40 sats \ 6 replies \ @Undisciplined 7 Apr \ on: Tariffs Are Exceptional! (Bloomberg Money Stuff, Matt Levine) econ
It doesn’t feel unusual for presidents to adjust tariff rates. Have all the previous instances really gone through congress?
No, it's in the piece (but I didn't quote it): it's an almost-century old delegation from Congress. (Think the chevron doctrine or SEC or Fed mandates).
Idea now being that Congress can withdraw that power (if courts say so, I suppose?)
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Chevron applies to agencies and regulators, not the President
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yes, I know, but I presumed that it was under a similar sort of delegation; Congress saying "yes, this entity may do things on our behalf"/"We outsource the doing of things to X"
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the one example I can think of is Fast Track on trade
Congress can block Presidents
Congress can withhold funding
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It would be interesting to get some broader restrictions on what can be considered an emergency.
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Ok, that makes sense. My guess is that Congress will let this play out for a while.
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