Danielle Kurtzleben

The government had been arguing that there's language in IEPA that IEPA says the president can regulate and later that the law says importation so that together he gets to regulate importation.

So they in the same sentence.

They are, but they're separated by 16 words in between.

But this was the government's rationale.

And so they said, look, these tariffs aren't a tax.

They're regulation.

They're to regulate importation.

Therefore, we can use them.

And the Supreme Court said, no, no, no.

And in the varying opinions, different justices talked about different reasons why this doesn't work.

But in one of the opinions, I believe, by the chief justice, it said, look, the SEC gets to regulate all sorts of stuff.

That doesn't mean we allow the SEC to impose taxes.

So regulate doesn't generally mean you get to tax people.

Oh, he's mad.

That's the long and short of it.

I mean, he got up there.

He was flanked by Commerce Secretary Howard Lutnick, the Trade Representative Jameson Greer, and Solicitor General John Sauer.

And

Those guys mostly didn't say anything.

They just stood there and looked serious while Trump just got really upset about this decision.