Henrietta Treyz

And again, with my eye on the election cycle and the affordability narrative, the president, I think, is already on a very tight leash and he's not going to have the leeway to fully reimpose anywhere near the revenue that has been collected by so far.

So I don't think these tariffs will ever come back at their current level.

And I think they will be much more restrained going forward.

Man, I mean, that is a pretzel of some logic they're going to have to work through here because, of course, the president has been saying that the tariffs have been a huge boon to the U.S.

economy.

None of that is true.

We just saw a very soft GDP print.

We see that manufacturing jobs have lost 72,000 in the last year since Liberation Day.

We see that prices have increased across a lot of the retail.

space.

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.