＂$1.3 TRILLION In Tariff Revenue＂ - Supreme Court's Trump Tariff Decision Will MAKE Or BREAK America
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Summary
Trump warns the U.S. will be struggling for years if the Supreme Court rules against him on tariffs. President Trump says if we don t win the case against him, the country will be in trouble for years to come.
Transcript
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President Trump warns U.S. will be struggling for years if Supreme Court rules against him on tariffs.
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Rob, if you want to play this clip, go ahead, Rob.
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If we win the tariff case, which hopefully we will, it's vital to the interests of our country.
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If we don't, we'll be struggling for years to come.
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Okay, so he says that, let me read this to you as he's going through the tariff situation,
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which, by the way, I fully, fully agree with him.
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And a bigger part why I agree with the president is the following.
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How are you supposed to threaten your enemies when they're using that same thing against us?
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So another country is putting tariffs on us, but the president needs to go to the Supreme Court and say,
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hey, can I please get permission to use tariffs?
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You have to have ways to have leverage to negotiate.
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It's like a person that's running a business, and they're not getting the right data to see how people are performing.
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Give me some stats so I can drive the sales team.
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Moving forward, you can't use tariff to negotiate with other countries.
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Guess who is sitting there begging, praying to every single god in the world for the Supreme Court to not allow him to use tariffs?
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So, President Trump said this on Sunday in the ruling.
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Now, the pharmaceutical, there's a bunch of different things going on with this year where he says,
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freedom, we don't pay for the wealth of the wealthiest countries,
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but warned that the Supreme Court striking down his tariffs rule could hurt the U.S. economy over the long haul if we win the tariff case,
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If we don't, we'll be struggling for years to come.
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Trump, the president said that his threat of imposing 200% tariffs helps stop a war between India and Pakistan
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and also said that the tariffs are the main reason companies are investing in facilities in the U.S.
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to make pharmaceuticals, chips, and other products domestically.
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The pharmaceuticals are coming back again, already again, already again tariffs.
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So, essentially, I'm putting tariffs on pharmaceuticals unless they're made here.
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There's no tariffs they make them here, and all those companies are coming back from Taiwan.
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They're coming back from all over the world, and they're coming back fast, he added.
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The president said that the U.S. will have brought in $17 trillion in investments over the first eight months of his term
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and could be over $20 trillion by the end of the first year, saying it's a miracle what's happening.
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Well, first of all, Brandon, want to play a game?
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And all of a sudden, they do a test, and they said, he's using steroids, but they don't suspend you.
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But then everybody screams, you can't let Tom use steroids and juice.
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Some of these tariffs have been against the United States for a decade or more.
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And now the president is saying, I want to swing a bigger bat with a bigger market, and I want to get their attention to say, we're playing a different game.
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We're going to bring this playing field back, and we're going to level it.
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And can we, since you just mentioned pharmaceuticals, can we blend in the Merck story?
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Merck has announced construction of a $3 billion manufacturing facility in Virginia.
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We're going to make medications here, and we already have the progress he's made on the cost of medications.
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He's talking about $17 trillion in his first term.
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In play right now, that is, dirt's being moved, steel being poured.
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What we have is $1.268 trillion, the Trump effect, already.
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Some people say, well, Apple's only going to put half of that.
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Look at Micron, building factories in Idaho and Virginia.
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IBM, TMSC, that's Taiwan Semiconductor, building $100 billion in Arizona.
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Look at Texans, Johnson & Johnson, AstraZeneca, Rhodes.
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This is—since March 1st, these are greenlit projects.
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The estimate of $17 trillion for the first term is very real, Pat.
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This is a half a million jobs that are coming as a result of just what's—the $1.5 trillion
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And, by the way, you know what the estimate is?
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The estimate is that there's 70,000 construction jobs that are being created because of these
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Does the Supreme Court have the ability to do that, to prevent the president from using tariffs?
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Well, I think the Supreme Court—no, the Supreme Court doesn't walk into a room and say,
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Somebody has to bring a suit to the Supreme Court.
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It's the—the Dems put forward an act, and they're asking, are the tariffs unconstitutional
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And so why on earth would people in our own government want the Supreme Court to rule on
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this unless they had China money in their own pockets?
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Yeah, so there actually is a historical precedent for this that explains this.
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So it used to be Congress that got to decide when to impose tariffs and when not to, but
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then they gave the power to the president for matters of national security to impose tariffs,
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which, you know, all of this is a matter of national security, whether, like, for economically
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and for manufacturing, for weapons, for pharmaceuticals.
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So that's what it's really—the decisions are being made on is whether or not this is a matter
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And I believe the reason it got to the Supreme Court is because a lot of courts tried to
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Like, all these federal courts are getting in the way.
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But I've heard a lot of people say the founders would be appalled with the way that the judges
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Like, of all the branches, the judges have gotten far too much power, I think, over the
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Yeah, it says here, tariffs power belongs to Congress, but delegate it to the president.
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Congress has the power to lay and collect tax duties and impose and excises, meaning Congress
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Over the past century, however, Congress has delegated broad authority to the president
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The Trade Expansion Act of 1962, the Trade Act of 1974, International Emergency Economic
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The Supreme Court can't directly stop the president, but it can rule on legality.
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The Supreme Court cannot preemptively block it, but it can review such actions that are being
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Of course, if Trump steals aluminum tariffs, so they did that in 2018, in the U.S. against
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George S. Bush and Company, 1930, later trade-related cases, the court recognized Congress' right
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Yeah, well, I think Trump, this is, backing up a second, this is a win-win situation for
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It might not be a win-win situation for the American people.
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We can officially put to rest this whole king and fascist thing.
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Trump's making these executive orders, making these plans, and here comes the third branch
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Either he's going to win this case, and it's going to validate what he's doing, and the
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tariff things are going to happen, or he's going to lose the case, and he's going to
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officially be able to say, dude, I can't even, as a king, make the decisions on the
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executive branch, so what we're going to do with tariffs.
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He's either going to win the narrative and completely dismantle the left's woke, no kings
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perspective, or he's going to win both and say, I went through the courts.
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You see, I'm not a king, and the tariffs uphold.
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And all of a sudden, someone from compliance comes in and goes, well, not so fast, because
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you have to understand the due diligence of the compliance and your OSJ and your broker
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dealer, and you're like, dude, I'm trying to drive a million dollars worth of revenue
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But when do you need compliance, and when do you not?
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Like, I remember one time I had a call with one of my board members.
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This is 10 years ago, something like that, eight years ago.
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And he says, look, I need you to call me every time you make a decision about a quarter of
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I said, do you realize I make decisions swiftly?
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You want me to wait for you for something like this?
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I said, no, we're going to raise that to half a million.
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And Tom's just going to tell you, I'm not calling for permission.
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Well, you raised it from a quarter million to a half a million.
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So you said at a half a million, I will call you.
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We're just going to tell you we're doing this so you know about it, right?
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However, there needs to be controls on presidents because today you trust the president's decision
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What if you don't and it's another guy in there that you're like, wait a minute.
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He's approving something for LGBT and all this other stuff.
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This is why the founding fathers created something so special that we are the recipients and the
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You have $300 billion of revenue that's coming in, potentially in the first year.
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Why would you get in the way of something that's working?
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Do you know when would have been a good time to do something like this?
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You said the Supreme Court should have done it.
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Rob, can you show how much tariff revenue came in in September?
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I think there was a $31 billion correction that you saw Trump talking about yesterday.
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I believe yesterday on the news, late in the day.
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What was the tariff revenue that came in in September?
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While he's looking it up, I don't think the Supreme Court's proactively doing this against him.
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I think they're doing it as a result of other courts doing it.
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I have the starting point while we're looking this up.
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It was a coalition of state attorney generals from the following states.
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Those states came together and filed the injunction.
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The injunction was filed by that federal court, that judge, and now we have to escalate
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It's the interest of a coalition of blue attorney generals who are never Trump.
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If you look at this stat, by the way, a great point to you.
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Trump has signed the most executive orders in almost 100 years, I want to say.
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So I think in his first term, I think he signed up to this point, 50 executive orders.
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It's the most since FDR, which was, sorry, in the 30s, so less than 100 years.
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I think tariffs is, listen, don't get me wrong.
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I'm not sitting here telling you it's 100% good for everything.
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Sometimes when you introduce a new comp or something you're changing, some people quit
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Then later on, many of those guys come back and they're like, man, I made a mistake.
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But whenever you change comp, for the first three, six months, there's a little bit of
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A lot of companies are starting to realize this is not something that's temporary.
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This is probably going to be here unless if these guys choose to change themselves.
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If you run a business, if you're in the hunt, you know what business is.
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You just heard me tell this story about ChatGBT and Google going to war together.
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You know, for a web browser war that's taking place, business is war.
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The more you realize this, people are trying to take market share away from you.
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If you are somebody that's running a business and you've never purchased any of the businesses
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war, there's businesses wore a hat, sweaters, shirts.
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If you're looking at it right now, there's different colors.
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And then also all the way at the bottom, if you love Tommy, is it up there yet, Rob, or
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There is put the words talks if that's up there.
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Listen, I am curious to know how many of you guys go pick up this, you know, mug right here.
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You'll see it all the way at the top and on the cover of it where it says that.
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And then just type in words talk, you'll find a mug as well.
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