Brett Meiselas

Like they do everything awful.

And I'm not gonna just like spend that much time talking about the lighting, but this looks like horrible.

I don't even know how to describe what this looks like.

But anyway, so he then announces

right after he gets that major L from the Supreme Court, that he's now going to be enacting all these other tariffs that are going to be bigger than the tariffs that were just struck down.

So here he is when he says, effective immediately, all national security tariffs under Section 232 and existing 301 remain in place.

And now I'm ordering an additional 10% tariffs under Section 122.

Here, let's play this clip.

And then less than 24 hours later, about 12 hours later, he then posts that he's now raising that number from 10 percent to 15 percent.

and 15% is the cap under Section 122, the Trade Act of 1974.

But let's just pull up for a second the Trade Act of 1974, Section 122.

As Peter Berezin explains, Section 122 of the 1974 Trade Act, on which Trump is now basing these 15% tariffs, it just does not apply in the current macro environment.

A balance of payment deficits is required.

That's not the same as a trade deficit.

You cannot have a balance of payments if you have a flexible exchange rate as the US currently does.

Also, didn't Donald Trump say that he has brought in

17 trillion dollars or 21 trillion dollars so if you've brought in 21 trillion dollars by the way we know that's false but that's what he's saying how are you claiming that there is a balance of payments uh crisis if you're saying everybody's just giving you this money right so donald trump's own statements

rebut his invocation of section 122 and donald trump's own doj lawyers argued in front of the court of international trade the circuit court and the supreme court when they were asked why are you relying on aipa this emergency provision versus section 122 trump's own lawyer said it doesn't apply

They said, we're trying to deal with emergencies relating to trade deficits and Section 122 deals with balance of payment deficits.

So Trump's own lawyers said that they cannot invoke Section 122.