The US Supreme Court just delivered a major blow to President Trump, striking down his "reciprocal" global tariffs. This isn’t just a legal footnote; it’s a signal that US checks and balances are holding.
The Supreme Court ruled that sweeping tariffs are essentially a tax, and the power to tax lies with Congress, not the President. This is a massive loss for Trump, who built his political brand on tariff power. The Court showed it adheres to the rule of law and property rights, not just partisan politics.
Immediately after, Trump announced a new global 10% tariff under Section 122 of the 1974 Trade Act. However, this law is a band-aid: it can only last 150 days before requiring Congress's approval. The effective tariff rate will spike temporarily but then fall significantly in five months.
Then the Fed :
The case regarding Governor Lisa Cook is separate, but the core principle is clear: the President cannot fire Fed governors at will. Trump failed to seize control of the revenue power (tariffs) and failed to seize control of the central bank. Kevin Warsh will likely become Chair, but he will be data-dependent, not a Trump puppet.
Trump’s approval rating is net negative.
Populism is the mob in power, which is even worse than the bourgeois managerial class in power, because it's sunk one level lower.
It will take time for you to understand, because from Christianity to Socialism, you have been fed two thousand years of history about the providential savior. It will take you all that time to realize that the Savior is you.