Jon Decker on the future of President Trump's tariffs
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16 segmentsMoto Casino, America's social casino. Welcome to Moto Casino where the excitement never ends with thousands of the hottest free-to-play social casino games, fastest payouts, and the best promotions in the industry, no tricks or gimmicks. Owned and operated in the USA. Moto Casino is a free-to-play social casino. No purchase necessary, 21 plus to play. Void with prohibited. Sign up today for a generous welcome bonus. Well, as we all know, the President of the United States has been smacked by the Supreme Court over his tariff situation. Treasury Secretary Scott Bessent says Trump does not need Congress to boost the tariff revenue. Listen. The president does not need Congress to move the tariff revenue back up. And he is fulfilling his mandate to the American people to bring back manufacturing and stop the U.S. from being ripped off by our trading partners. And he used IEPA for a year and pushed down tariff barriers, non-tariff trade barriers, unfair subsidies, and the trading partners are going to stick with these great deals. Joining us now, John Decker, our White House correspondent on the few. future of where we are in all of this. John, welcome in. So apparently the president can do this. It's been legally tested, even though the court made a big decision on all this. So what, he's got a 150-day time frame on getting something done before it ends again? What's going on here? Well, yeah, what the Treasury Secretary said is not exactly accurate. The president, based upon that Supreme Court decision, cannot simply do this unilaterally. A majority of the Supreme Court rule that that was unconstitutional. What this president can do is using another legal authority, he can impose, and he's done so. 15% tariffs on every good coming into this country across the board. But those tariffs can only remain in place for 150 days. And then he would need the assent of Congress to extend those tariffs beyond that date with a very divided Congress. he's not going to be able to do that. So he has 150 days, and that means the tariff revenue that the president had counted on will be far less than what the president anticipated when he began this tariff's policy. And, you know, small businesses have come up in this discussion as well in the refunds and what's going on there. I understand, you know, there's millions of dollars involved in all of this. And, you know, the refunds. There's billions of dollars. Right. Yeah. Yeah. Yeah. So, yeah. Yeah, I was going to say, JT, there's a significant amount of money that's at stake here because importers have paid a significant amount of sums on tariffs. over the course of the past year, and they are going to be seeking refunds. It's not clear based upon what that Supreme Court decision said, what happens as it relates to that. That, as the President said on Friday, in the White House briefing room, and he's right, will be litigated. And that litigation could last months, it could last years. And the decision ultimately may go all the way up to the Supreme Court once again.
on that aspect of the president's terrorist policy. John, I saw something and heard something on Friday about a possible reconciliation move by the Senate where you only need one additional vote, the 51 votes needed, to move this forward if you're going to involve Congress. Is that somewhat true, or do you need more than all of that with the House as well? Well, with reconciliation, you could do this through reconciliation. The problem is you don't have the votes in the House. And that's a problem. Six House Republicans would not support that. They've made that pretty clear. They've made that pretty clear within the past two weeks with a vote that took place concerning tariffs in the House of Representatives. So moving forward just with that simple majority that the reconciliation process would allow would not work in this particular case because the votes simply are not there. I asked the president about this several months ago. I said, why don't you just do it through reconciliation? And that was even before these votes that I mentioned took place. And the president even then said, He didn't have the votes. So that's problematic for the president. He's very frustrated. And you heard the president. You watched him in the briefing room on Friday. He's angry, quite frankly, at the decision that was taken by the Supreme Court on Friday morning. Yeah, I understand the legality of this, and Congress needs to be involved. And they made the decision. And a lot of people looked at some of the conservative justices that kind of went this direction. And... But you look deep and you understand why they made this decision. It makes it clear. It is frustrating. And President Trump was pretty much on track to really do some good things with our economy, with all of this. But it comes back to, look, we can't do it the way you did it. We can do it, but you've got to go this route. So do you anticipate that this will get done at some point if they can find the votes, if midterms end up okay. This isn't going away. Is it the effort? Well, the effort's not going away because it's the underpinning of the president's domestic policy, you know, these tariffs and the revenue that it would raise and the power that it gives the president. So that part's not going away. But the power clearly is not going to be as great as it was. And the president was using that one legal authority known as AEPA to impose those tariffs. And I think that's one of the frustrating things for the president, for the administration, that kind of... threat that was hanging over countries is not there, quite frankly, as much anymore because of the Supreme Court decision on Friday. All right, very good. John Decker, great insight. Thank you. As always, I appreciate you. Hi, Uncle Laser here. America's built on fast cars, fast food, and even faster women. Photo casinos built in America. You know what they're fast out? Fast gas, rise, redemption. You see, only motto is U.S. own and operate. Moto. It's American made. Is that who we are? And that's who we care about. Play for free at moto.us. Moto.us, the social casino board will prohibit. No purchase necessary. Visit motto.us for more details. Must be 21 plus.