Latest / NO FILTER / _No identifiable limits__ Federal court strikes down Trump_s sweeping tariffs(MP3_160K)

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_No identifiable limits__ Federal court strikes down Trump_s sweeping tariffs(MP3_160K) · NO FILTER

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  Speaker 1: A federal trade court has blocked most of President Trump's
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  Speaker 1: trade tariffs. A three judge panel on the International Court
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  Speaker 1: of Trade yesterday ruled that the president did not have
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  Speaker 1: the authority to impose the sweeping tariffs. The judges found
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  Speaker 1: that Trump's use of the decades old International Emergency Economic
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  Speaker 1: Powers Act did not quote delegate an unbounded tariff authority
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  Speaker 1: to the president, and that Trump's tariffs lacked quote any
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  Speaker 1: identifiable limits. Lawyers for the Trump administration have already said
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  Speaker 1: that they will appeal. A little more Background on the
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  Speaker 1: Court of International Trade, it was established under Article three
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  Speaker 1: of the Constitution. According to its government website, the court
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  Speaker 1: has nationwide jurisdiction over civil actions arising out of the
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  Speaker 1: customs and international trade laws of the United States. Now,
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  Speaker 1: stock futures rose sharply in response. We obviously liked this
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  Speaker 1: yeah to the ruling, with the Dow gaining more than
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  Speaker 1: five hundred points while the tech having Nasdaq added over
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  Speaker 1: four hundred points. So willie an interesting reaction to this ruling.
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  Speaker 2: Yeah, Wall Street does not like tariff, so they like
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  Speaker 2: this ruling. Let's bring in the co host of our
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  Speaker 2: Fourth Hour, contributing writer at the Atlantic Jonathan Lemir and
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  Speaker 2: Calmness and associate editor for The Washington Post. David Ignatius, Guys,
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  Speaker 2: good morning, John. I think people perhaps last night or
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  Speaker 2: this morning just learned that there is a US Court
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  Speaker 2: of International Trade and what jurisdiction it has, but saying
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  Speaker 2: very clearly these terriffs, as imposed through executive orders are
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  Speaker 2: both invalid and contrary to law. The White House we
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  Speaker 2: can expect now to push back hard.
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  Speaker 3: Yeah, we're learning about two new things this court, but
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  Speaker 3: also the International Emergency Economic Powers Act, which is what
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  Speaker 3: Donald Trump's and Trump mistration cited to impose these tariffs
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  Speaker 3: in the first place, in nineteen seventy seven law that
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  Speaker 3: suggests that a national emergency gives a president certain powers
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  Speaker 3: over the economy. What the White House did was put
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  Speaker 3: forth the argument that these trade deficits counted as a
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  Speaker 3: national emergency or the flow of fentanyl over the borders
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  Speaker 3: various justifications. The Court yesterday made it clear that's not
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  Speaker 3: the case, that this was something the President had overstepped
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  Speaker 3: it his bounds, that the tariffs should purview of Congress
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  Speaker 3: and they were cut out of this process entirely, and
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  Speaker 3: that though the President is permitted to continue to tariffs
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  Speaker 3: on specific items like steel and cars and the like.
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  Speaker 3: But he cannot do these broad based national tariffs that
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  Speaker 3: we've seen against China and Mexico and the like. Now,
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  Speaker 3: let's be clear, a lot of these trade deals haven't
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  Speaker 3: been finished yet, so this is unclear how this is
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  Speaker 3: going to upend those negotiations. Trump administration reacted with nothing
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  Speaker 3: short of fury. Last night, Stephen Miller tweeted, the judicial
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  Speaker 3: coup is out of control. I heard I have several
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  Speaker 3: masters here from Trump administration officials saying things along those lines,
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  Speaker 3: suggesting this is another plot by the deep state to
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  Speaker 3: stop this president one here they'll they'll stop at nothing
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  Speaker 3: to blunt his agenda and the like. They think this
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  Speaker 3: is the courts, along with bureaucracy, trying to undermine what
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  Speaker 3: is his signature economic Agendaal well.
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  Speaker 2: Joe, the deep state in this case is a three
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  Speaker 2: judge panel, this International Court of Trade, composed of a
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  Speaker 2: Reagan appointee, an Obama appointee, and a Trump appointee.
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  Speaker 4: I'm not really good at math, but this appears to
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  Speaker 4: be a court that has two thirds of its members
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  Speaker 4: that ruled on this being Republican appointed in. One of
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  Speaker 4: those being a Donald Trump appointee, David Ignatius. All this
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  Speaker 4: talk about the deep state, all this talk about a
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  Speaker 4: judicial coup is again it's of course it's reckless, but
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  Speaker 4: also it just flies in the face of history. Barack
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  Speaker 4: Obama faced this, Joe Biden faced this. Of course, Donald
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  Speaker 4: Trump faced it. Donald Trump's facing it more than others
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  Speaker 4: because Donald Trump deliberately is pushing the boundaries of Article
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  Speaker 4: two powers, which is perfectly fine and legitimate to test
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  Speaker 4: those boundaries. But don't be shocked when you step over
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  Speaker 4: the line and the court pulls you back. And I
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  Speaker 4: want to circle back to this use of emergency powers
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  Speaker 4: just so people understand what's going on here. Donald Trump
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  Speaker 4: did that, I think in the first term. I believe
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  Speaker 4: it was to build the wall. It got snapped back
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  Speaker 4: by the courts there because it wasn't an emergency. And
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  Speaker 4: he's declared two different emergencies now that really, if you
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  Speaker 4: just look historically, don't line up with the definition of
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  Speaker 4: emergencies as compared to the statue. So in the White House,
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  Speaker 4: officials are saying the sort of things that they're saying.
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  Speaker 4: First of all, they're ignoring the clear letter of the
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  Speaker 4: law number one and number two, they're just ignoring history.
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  Speaker 4: Ask Joe Biden about student loan forgiveness.
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  Speaker 1: There.
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  Speaker 4: Supreme Court over you know, brushed us off his executive order.
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  Speaker 4: He had to figure out a way to get a
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  Speaker 4: lot less than he wanted. That's as earth wind and
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  Speaker 4: Fire would sing, that's the way of the world. If
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  Speaker 4: you're Washington, DC. It happens to every president, and so
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  Speaker 4: I hope they'll tone down the really reckless rhetoric towards
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  Speaker 4: these judges who are simply reading the law, reading the Constitution,
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  Speaker 4: and a lot of Trump appointed judges going okay, no,
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  Speaker 4: that's just not what the law says.
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  Speaker 5: So governing by emergency orders is what dictatorships do. They
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  Speaker 5: live in a permanent state of emergency, which basically gives
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  Speaker 5: the executive carte blanche to make changes. Don Trump's hardly
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  Speaker 5: the first president to be frustrated by the courts. Remember
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  Speaker 5: Franklin Roosevelt, as he was trying to enact as sweeping
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  Speaker 5: nebial legislation, got so furious at the Supreme Court. He
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  Speaker 5: wanted to expand the numbers so we have a majority
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  Speaker 5: he could count on to get legal permission to do
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  Speaker 5: all the things he wanted. Thank goodness he was stopped
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  Speaker 5: in that. I do think looking at this trade issue,
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  Speaker 5: I would have thought that a president did have pretty
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  Speaker 5: wide powers to tariff, and that the constraint on that
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  Speaker 5: power has been the financial markets. It's the reaction of
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  Speaker 5: the stock and bond markets that turned Donald Trump around,
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  Speaker 5: not court action. He'd already decided to pull back from
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  Speaker 5: his one hundred and forty five percent tariff on China.
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  Speaker 5: He'd pulled back from his tariffs on the EU, not
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  Speaker 5: because some judge told him to, because the financial market
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  Speaker 5: said thou shalt not is this is unwise economic action.
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  Speaker 5: So we'll see how this works out in the broader sense.
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  Speaker 5: Joined me, we have a big Supreme Court case coming
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  Speaker 5: that will test what are the executive powers of the president,
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  Speaker 5: how are they limited? What among the many things Trump
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  Speaker 5: has done is leeple and what is not? And that
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  Speaker 5: that that case is ahead of us.
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  Speaker 4: Uh.
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  Speaker 5: You know, it's hard to know how this court will rule,
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  Speaker 5: but I'd be surprised if they embraced the idea of
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  Speaker 5: this extraordinary universal uh wheeld a chainsaw executive power that
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  Speaker 5: the Trump musk others in this MAGA group have have
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  Speaker 5: tried to claim