Henrietta Treyz

That's what consumers are feeling.

And you can't sell the American public on the idea that you're fixing our deficit problem when the deficit continues to rise and the trade in goods deficit continues to rise.

So all of the arguments the White House has made are false.

And now he's going to have to sell this.

to the american people but i suspect it'll be very uncomfortable for the front row of the house floor when he delivers the state of the union on tuesday uh... i will certainly be watching that but they really stood up for the constitution here and the president's message if he wants to migrate to affordability he can talk about other things like you know the housing agenda that they have i mean it's not

realistic to think that a 50-year mortgage is coming.

But those are the kinds of pieces that he should focus on.

I imagine there will be quite a bit of grievance touted on the tariff front.

I agree.

This is just a tremendous day, a huge win for the Constitution, for folks who cover tax policy, for anybody who remembers the Revolutionary War.

We fought against specifically a taxation power that Congress did not have any say over.

So this is, in my opinion, the largest and most impactful macroeconomic ruling the courts have ever delivered.

So just a tremendous day.

It is in line with what the market was expecting.

You can see that investors were very prepared to rip the retail stocks, everybody who's been exposed to the 40% transshipping tariffs, the ad hoc 50% tariffs on Brazil, the wide-ranging threats of 200% tariffs on French wine that have just been spewing out of the White House for 12 months now.

So it's really an exhilarating day, an incredible day for the Constitution.

Absolutely.

I think there's two ways to look at this.

First of all, this is exceptional news for President Trump.

Americans hate the tariffs.