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Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

This is a report CNN confirmed it, NBC News.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

The justices divided 6-3 held that Trump's aggressive approach to tariffs on products entering the United States from across the world was not permitted under a 1977 law called the International Emergency Economics Power Act, IEEPA.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

The ruling was authored by Chief Justice John Roberts, who was joined by three liberal judges and two fellow conservatives.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

Justice Neil Gorsh and Amy Coney Barrett in this majority.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

So three conservatives, three liberal justices, and then the other three justices, also conservative, Justice Clarence Brett and Samuel Alito all said yes for it.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

The president asserts the extraordinary power to unilaterally impose tariffs of unlimited amount, duration and scope, Roberts wrote.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

But the president and the Trump administration points to no stature in which Congress has previously said that the language in the IEPA could apply to tariffs, he added.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

As such, we hold that IEPA does not authorize the president to impose tariffs.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

It is a rare setback for the administration at the Supreme Court, which has a 6-3 conservative majority since Trump began his second term in January.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

They gave him the blessing on deporting people, even to other people's countries.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

And then this is, I think, the first L he actually publicly took.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

But this is this is big.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

I want to jump back into the article.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

The decision does not affect all of Trump's tariffs, leaving in place ones he imposed on steel and aluminum using different laws.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

But it upends the tariffs in two categories.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

One in country by country or reciprocal tariffs, which range from 34 percent for China to 10 percent baseline for the rest of the world.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

that was a tariff bingo day um the other is a 25 tariff imposed on some goods from canada china and mexico for what the administration said was to fail their curve the flow of fentanyl so the canada china and mexico under the fentanyl clause are able to be upheld these other ones um the reciprocal ones would be struck down and to your point companies that had to pay tariffs may be able to seek a refund from the treasury department and hundreds have already sued

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

Bro, this is gonna get messy.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

This is gonna get messy.

Tom Bilyeu's Impact Theory
America’s Housing Crisis: Why You Can’t Afford a Home, Supreme Court Blocks Trump Tariffs, Democrats Hand Trump a Midterms Ad | Weekly Recap

It's interesting to me though, because I'm looking at it from an international perspective, because he was using this as leverage.