Brett Meiselas

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.

And what does Donald Trump do?

He invokes Section 122.

Trump's lesson about the Supreme Court striking down the tariffs against the world is that it took them 14 months to do it.

so all he has to do in his mind is let me find some hook that's unlawful i'm gonna do it i'll get sued then i'll appeal i'll ask for stays i'll lie to the courts about the reasons that i want these days i'll say it's okay if ultimately

we get ruled against by the Supreme Court, we'll do tariff refunds, which now they're saying they're not going to do.

So they lied to all the courts by saying they want to stay because they said they would issue refunds if they lose.

So you have nothing to worry about by issuing the stay.

That was one of the big lies that they told them.

And so Trump says, OK,

i'll just do it anyway then it'll go to the supreme court in 2027 i'll lose but then i got it for another however long now this specific statute also section 122 says that the tariffs can only remain in place for 150 days

But what's Trump going to do when 150 days are up?

He's going to go, I invoke it again rather than go to Congress.

So it doesn't apply.