About this episode
In this breaking-news episode recorded immediately after the Supreme Court's landmark 6-3 ruling striking down Trump's sweeping tariffs under IEEPA, Chuck Todd breaks down what he calls one of the most consequential decisions of the Trump era — and argues the Court did elected Republicans an enormous favor. Chief Justice Roberts, joined by Gorsuch, Barrett, and the three liberal justices, ruled that the 1977 emergency powers law "does not authorize the President to impose tariffs," leaving only Thomas, Alito, and Kavanaugh in dissent — a split Chuck argues should have been 9-0 given that the Constitution plainly gives Congress the power of the purse. He contends that the 6-3 margin is critical because it prevents Trump from framing the decision as a partisan attack, and gives congressional Republicans cover to move on from a policy that has devastated America's farm economy, spooked markets with uncertainty, and could now require the Treasury to refund an estimated $175 billion to importers. With Trump calling the ruling "a disgrace" and his State of the Union address just days away, Chuck notes the president has a lot of explaining to do — particularly since he could have sought tariff authority from Congress in the spring of 2025 when he had the political capital, but instead chose to go it alone through executive action. Trump, Chuck concludes, is a huge loser here, and the uncertainty is far from over. Timeline: 00:00 Chuck Todd’s intro - Supreme Court strikes down Trump’s tariffs 00:45 SCOTUS did elected Republicans a favor 02:00 Trump doesn’t have the votes in congress to enact tariffs 03:00 There’s a ton of uncertainty coming from this ruling 04:45 Trump has a lot of explain to do at State of the Union 06:00 Alito & Thomas always side with Trump, Kavanaugh mostly 06:45 Congress has power of purse, ruling should have been 9-0 09:00 Supreme Court has given Republicans cover 10:15 Tariffs have been devastating to America’s farm economy 11:45 Markets face a ton of uncertainty 12:30 6-3 ruling means it won’t be viewed as a partisan decision 13:00 Trump is a huge loser here 14:30 Trump could have gotten tariff authority from congress in Spring ‘25 See omnystudio.com/listener for privacy information.
