“Number ONE Catastrophic Thing” - Trump’s $3T Tariff Faces Supreme Court SHOCK Decision
Episode Stats
Words per Minute
196.23705
Summary
Trump warns Supreme Court ruling could trigger $3 Trillion unwind. Rob and Tom break down what that means for the economy and what it could mean for the Supreme Court. They also discuss the impact on the economy if the ruling is overturned.
Transcript
00:00:00.000
Trump warned Supreme Court tariff ruling could trigger $3 trillion unwind.
00:00:06.360
By the way, this would be the dumbest thing they ever do, okay, ever do.
00:00:12.180
If they pulled this off, it would be the dumbest thing that they could ever do if they passed this thing.
00:00:17.020
President issued a warning on Monday on Truth Social,
00:00:19.040
claiming that the U.S. Supreme Court received the wrong numbers and pending case
00:00:22.500
that challenges the authority to impose tariffs under emergency powers.
00:00:26.160
Trump said an adverse decision could lead to an economic unwind exceeding $3 trillion,
00:00:30.960
calling it an insurmountable national security event that would be devastating to the future of our country,
00:00:39.060
The high court is set to review whether Trump's use of the International Emergency Economic Powers Act
00:00:44.580
to levy tariffs on imported goods without the additional congressional approval was lawful.
00:00:50.100
A ruling against Trump could require the government to refund billions of dollars
00:00:53.980
in duties collected since 2024, potentially reshaping,
00:00:59.160
U.S. trade policy and testing the limits of the presidential economic authority.
00:01:02.540
According to Treasury data reviewed by Fox Business,
00:01:05.380
the U.S. collected more than $213 billion in tariffs revenue through late September 2025,
00:01:10.980
including record monthly totals of more than $31 billion in August
00:01:17.260
Earlier in the year, revenues ranged from $17.4 billion to $29 billion in July.
00:01:23.980
Yes. This is actually USA Today covering the story.
00:01:28.500
U.S. President Donald Trump is warning of an economic and national security disaster
00:01:32.900
if the Supreme Court overturns his use of emergency powers to impose sweeping tariffs on nearly every country.
00:01:39.160
Speaking Monday, Trump claimed the tariffs have generated trillions in tariff and investment income.
00:01:43.580
Trump had previously floated the idea of using tariff revenues to pay for what he calls a dividend
00:01:59.340
to lower-earning Americans and repeated his plans on Monday.
00:02:02.780
We're going to issue a dividend to our middle-income people and lower-income people of about $2,000,
00:02:11.020
and we're going to use the remaining tariffs to lower our debt.
00:02:16.160
So, Tom, talking about these tariffs, one, we talked about this last week.
00:02:22.100
Obviously, they have Supreme Court control right now, which is, what, 6-3?
00:02:25.920
Even if he loses, what's her name, Barrett, Coney Barrett, even if she goes against him, that's still 5-4,
00:02:36.800
But the reality of it is the fact that this is a topic of discussion they're discussing,
00:02:40.800
I have a few ideas here, but I'm going to go to you first.
00:02:50.100
The Supreme Court could come back and say, hey, you don't have the authority under IEPA,
00:02:55.300
the International Emergency Economic Powers Act.
00:02:58.260
However, a good Congress would say, but are the tariffs working?
00:03:06.480
That's how a functioning, non-militant government would work, but that's not what we have right now.
00:03:12.400
We have a very militant Congress that has a huge block of Democrats that are like,
00:03:17.880
no matter what, get Trump out, hurt Trump, and they really don't care about the economy.
00:03:23.260
So, there is a group in there that unwinding it to create such economic calamity just to grab more
00:03:28.900
seats in power at the midterms coming up in 11 months and two weeks, they would do it.
00:03:36.180
But unwinding this would be horrible, and Trump's comment about unwinding it is true.
00:03:42.800
Companies have come back and said, hey, you know what?
00:03:48.960
We're going to invent, just this year, it was $1.5 billion.
00:03:53.280
We're going to invest in the U.S. to bring jobs and stuff back.
00:03:56.940
Well, that's because of the tariffs and the other countries playing nice.
00:04:01.400
And if you unwind it, the other countries can go back and say, well, that was easy.
00:04:06.120
His own Congress just screwed him over, and they're using the Supreme Court decision.
00:04:11.360
We can go back to playing like we used to under Biden.
00:04:16.560
Not only would it be bad, you know, the amount of success we've had with this, to take it
00:04:22.840
back to we get only $80 billion of revenue every year from tariffs.
00:04:28.360
Now we are at $300 billion in tariffs, potentially $400 billion trajectory, the way it's going.
00:04:33.920
And then it could lead into a half a trillion dollars per year.
00:04:37.000
Over 10 years could be $5 trillion of revenue coming in, not including all the other people
00:04:42.800
That's the chart, which we've looked at many times.
00:04:44.820
But I will tell you what I think the president was doing.
00:04:47.300
The president was playing chess with these guys when he said, I'm going to give $2,000
00:04:53.960
income to the people that are low-income earners on the tariff side.
00:04:59.680
So imagine, he knows if it even gets close to them pushing for this not to happen, he's
00:05:05.620
going to go to the low-income and middle-income and say, they just took a couple thousand
00:05:12.600
All the taxes they did, they took that away from you.
00:05:18.960
If I were to go to Calci and do a, what do you call it?
00:05:24.520
If we were to go open up a market, open a market on what we think this is going to
00:05:30.280
do with tariffs passing or not, I would be very optimistic about going through, like
00:05:36.120
I said, it's the dumbest thing if they don't do this.
00:05:40.620
And the law is a funny thing, the way that you interpret the law.
00:05:43.480
I don't even think that they have the grounds to do this because everybody's looking at
00:05:49.320
And that's what the Constitution says, that from an economic standpoint, it's in the power
00:05:54.440
of Congress to decide what happens with tariffs.
00:05:56.860
But if it's a matter of national security, then it's the president.
00:05:59.600
And every single thing he's doing with tariffs is a matter of national security.
00:06:03.540
It's not just the $300 billion that he's taken in.
00:06:05.920
It's the trillions that he's been able to negotiate and get people to invest.
00:06:12.780
So if we can't threaten countries with tariffs, we have to use another method.
00:06:21.640
So you could really make anything about national security.
00:06:23.840
Think about all the things the CIA classifies under a matter of national security.
00:06:27.640
You know, a lot of things probably aren't even a matter of national security, but they
00:06:30.520
could say it because it's very vague and broad.
00:06:32.500
So I think that even if they did try to do this, you know, there was a president one
00:06:37.660
time that said, when the Supreme Court ruled against him, he's like, all right, let them
00:06:42.180
You know, and it's not like the Roe v. Wade type of issue when the Democrats are mad about
00:06:47.160
But this one, it's like, let the court enforce it if they try to do this.
00:06:51.100
But if they do, I don't think he's going to listen to them.
00:06:53.880
And things like chips, rare earth, and magnets are national security.
00:06:58.120
But this, to me, if it doesn't pass, it's number one catastrophic thing if it doesn't
00:07:24.460
Because the amount of credibility, if he didn't listen to them, 2028 is a lock.
00:07:33.500
If I'm running against him, I'm going to tell him, the guy is completely against the
00:07:40.120
Constitution, has no respect for George Washington, no respect for Thomas Jefferson, no respect
00:07:47.220
I would go straight there, and they would play that all day long.
00:07:50.760
And they would say, if he's going to break the Constitution, what else is he capable of
00:07:53.480
Now it validates they're no king's kings to say, that's where it goes to.
00:07:59.340
I just think the way he's doing it is the right way.
00:08:01.880
And like I said, I'm less than 10% that they don't do it, that they get in the way of
00:08:09.340
And I'm hoping he keeps the, oh, they have this already?
00:08:11.860
Will the Supreme Court rule favor under Trump's?
00:08:22.720
They won't reverse Trump's decision, you're saying.
00:08:25.980
Explain to me, because I'm about to put some money on.
00:08:27.980
Rob, did you just post this right now yourself?
00:08:33.300
So 25% of people believe the Supreme Court will rule in favor of Trump.
00:08:46.900
So it's not like there's anyone involved in it for this to have any credibility right
00:08:51.360
Here's what the Speaker of the House could do in one sentence.
00:08:54.640
Ladies and gentlemen, if the Supreme Court says that certain tariffs here are not national
00:08:59.520
security protected by IEPA, then we'll take a resolution up here in Congress to maintain
00:09:10.200
Now he's got to get 60%, but now he would be putting the vote on the back of Congress.
00:09:19.040
And now, okay, Chuck Schumer, gather up all your buddies in the House over there across
00:09:34.320
He was best friends with Trump at first when he first got in, but I've heard a lot from
00:09:38.040
Isn't that the only thing that Johnson would have to do?
00:09:40.600
If the Supreme Court says some of this is not national security, the ones are national security,
00:09:52.800
So what do you think that they're trying to talk to the conservative ones, the Democrats
00:09:59.460
I don't understand the logic in trying to destroy what this guy is building.
00:10:09.580
But mainstream media is not telling these people nothing.
00:10:16.260
It all comes down to what the law, quote unquote, allows, right?
00:10:19.960
So I was watching this debate on Fareed Zakaria.
00:10:22.920
There was a Harvard law professor who specializes in tariffs, which he called, quote unquote, regulating
00:10:29.820
And then there was a Justice Department advocate over there, basically debating.
00:10:36.640
You know, you said how lawyers are ruining America.
00:10:38.240
They're hanging out in playgrounds just looking for kids that slip and fall and hurt themselves
00:10:43.960
It's all legal stuff, which is beyond basically our understanding.
00:10:50.800
Trump's either a fascist and he doesn't listen to anybody and he just kind of does what he
00:10:55.080
wants, or he actually has to abide by the rulings of the law.
00:10:58.260
And the Supreme Court ruling, whether they like it or not, is going to get in their way.
00:11:01.240
This is the whole premise of America and checks and balances and the executive and the judicial
00:11:05.560
and the legislative and the whole part with the legislative.
00:11:08.080
When Trump announced Liberation Day, which was what, in April, I believe, this has all
00:11:17.860
So if he is a fascist, then he can't, he has to go through this.
00:11:23.320
The big issue that I have a problem with, the big, big issue is enough with the printing
00:11:36.240
I would like him to keep it as low as possible as 10 million people.
00:11:40.480
I don't even want anybody to get this freaking money.
00:11:42.260
Because if a hundred million people get $2,000, that's $200 billion just given to people.
00:11:47.360
Of course, I don't want anybody to get any kind of entitlement money.
00:11:50.660
But if it came out of his mouth and he doesn't keep it, then you're playing games.
00:12:01.380
Okay, now if you do it only for 5 million people, 10 million people, 20 million people,
00:12:05.000
there's got to be something that goes to a certain percentage of people to say, we came
00:12:11.700
All I'm saying is if it came out of his mouth, he has to keep it.
00:12:14.280
Let's give it to the families with kids, take care of them, the working families, enough
00:12:24.180
We have a new hat that we've been working on for months.
00:12:34.980
Having said that, here's our latest Future Looks Brighthead.
00:13:23.760
If you order both, we're going to send you one of the shirts.
00:13:41.360
If you order both, you can pick a shirt, white or black.
00:13:45.420
But if you want to order more than that, do so.
00:13:47.520
Always remember what happens with these limited edition stuff.
00:13:50.500
Rob, go to eBay if you can and just tap in Future Looks Bright on eBay.
00:13:53.580
Anything we do, limited edition, they go within 45 minutes to an hour in no time.
00:13:58.560
Go to Future Looks Bright and then press search and then go to the right if you can search by price.
00:14:16.460
They end up over here for people that want to pick them up or sport them.
00:14:19.380
If I'm you, like when I buy something nice, I'm going to wear them.
00:14:22.480
If you believe the future looks bright, go to vtmerge.com.
00:14:33.460
This could be something you can get for someone who's a big fan of the PBD podcast, Valuetainment,
00:14:38.740
who's also optimistic, that believes the future looks bright.
00:14:42.160
If you enjoyed this video, you want to watch more videos like this, click here.
00:14:44.820
And if you want to watch the entire podcast, click here.