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atcon | 1 month ago

Agreed. Never understood all NTB and tariff distinctions, except one suspects the pajandrums in Brussels and Geneva didn't quite believe companies could compete on price or product, and therefore needed a way to keep quotas and subsidies.

I'm not alone in this confusion. During oral argument, several Supreme Court justices asked repeatedly about the distinctions between quotas, tariffs, revenue-raising taxes, non-revenue taxes, etc. in IEEPA's statutory language and precedents like FEA v. Algonquin SNG, Inc., 426 U.S. 548 (1976).

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