Rod Martin, founder and CEO of Martin Capital, shares his thoughts on the latest ruling by an International Trade Court ruling that the President has no authority to negotiate trade deals with other countries. He also explains why he thinks the ruling is a travesty.
00:01:22.280So I should tell folks, you are an entrepreneur, a founder and CEO of Martin Capital, an investor, a futurist, one of the guys that helped start PayPal.
00:02:58.600The problem here is the grounds on which they overruled him.
00:03:03.980They actually applied very strictly non-delegation doctrine, which all good conservatives would support.
00:03:11.620We don't believe that Congress should have the right to delegate legislative authority to administrative agencies, the executive branch generally.
00:03:20.780But that's not really the situation here.
00:03:23.580This is a foreign policy issue, not a legislative issue.
00:03:28.140Congress has clearly acted in repeated acts going back to 1930 to permit and enable the president to use tariffs as a tool in the conduct of American foreign policy.
00:03:44.420And this has never been meaningfully challenged.
00:03:47.320This court, yeah, I think those people had never heard of.
00:03:51.820It was started in 1980, but it's the successor to the old U.S. Customs Court, which was established in 1890.
00:04:00.060And in all of that time, none of these activist Democrats have ever seen fit to question when Barack Obama imposed tariffs,
00:04:09.620or Joe Biden maintained presidentially imposed tariffs, or Jimmy Carter, or Lyndon Johnson, or R.C.R.
00:04:28.080But we saw the same thing surrounding the question of whether the president had the authority to deport illegal immigrant gang members with criminal records, in many cases,
00:04:39.780who are very clear danger to those around them and to the country.
00:04:44.100We actually had a court rule that the president had no such authority, which, of course, he does.
00:04:49.240The Supreme Court ultimately stepped in.
00:04:51.980I'm hopeful that they will do so again.
00:04:54.320Now, one of the things I like about the stuff you put up at rodmartin.org, and that you also have at Substack,
00:05:02.980is the fact that you've actually read the art of the deal.
00:05:07.080So you actually understand our 45th and our 47th president.
00:05:13.440That in itself, I think, is one of the reasons why your observations are so on the money.
00:05:20.420Give me your overall take on the president's tariff strategy, because I've said on this show and elsewhere,
00:05:28.780I actually don't believe that Donald Trump loves tariffs.
00:10:38.800Speaking of Trump's use and maneuvering for tariffs, you said, this is like Reagan's zero option all over again.
00:10:49.480Reagan deployed a large number of nuclear weapons to Europe to counter the Soviets' similar deployment while proposing that all such weapons should be banned.
00:10:59.320Everyone laughed until 1987 when he achieved exactly that.
00:11:04.880But speaking of Reagan, who you and I agree is one of the 20th century's greatest presidents, he also used market power, specifically a huge arms race coupled with collapsing the price of energy from which Russian derived the cash it needed to continue to compete.
00:11:59.700You know, putting pressure on the Soviets by deploying nuclear missiles, both the cruise missiles and the Pershing 2, put the Russians in a position where they absolutely had tons of reason to actually abolish an entire class of nuclear weapons.
00:12:17.920It's the only time it's ever happened.
00:13:28.900And we have to decouple from them sufficiently that we're not dependent on them for strategic supply and also enough that their economy is sufficiently depressed that they can't afford military interventions and an invasion of Taiwan or potentially Siberia or whatever they might attempt.
00:13:52.360Everybody before him failed in this regard, starting with Bill Clinton, letting China into the WTO, letting China have most favored nation status, and actually taking tons of Chinese campaign cash in the 96th election.
00:14:08.340And that's the genesis of our allowance of these people.
00:14:16.200I often say that Richard Nixon gets a bum rap.
00:14:18.960People say that Nixon, because he restored economic relations with the Chinese, is responsible for the threat that China poses today.
00:14:27.940But people don't recognize that at the time that Nixon went to China, China was a dirt-poor, agrarian society.
00:14:35.860Most homes did not have indoor plumbing.
00:14:39.160The rural areas didn't even have electricity.
00:14:42.080The country had no technological capabilities.
00:14:45.980They had a military capability, but it was antiquated.
00:14:48.940It wasn't until the Clintons gave them most favored nation trading status, and frankly, Bill Clinton sold them in the Loral scandal, sold them our missile-targeting technology in return for millions of dollars in illegal campaign contributions.
00:15:08.660These are the things that made China the danger that it is today.
00:15:12.620There was no way for Richard Milhouse Nixon to see that 30 years later, after he played the Russians off against the Chinese and vice versa to secure a strategic arms limitation agreement,
00:15:25.640on which the Russians were going cold until Nixon announced that he was going to visit Beijing, and then suddenly they wanted to make a deal.
00:15:33.840There's no way Nixon could see that China would emerge as the threat that they have become.
00:15:39.320Folks, if you're just tuning in, this is The Stone Zone.