Paul Sweeney

There's a bit of waiting time.

And we know the president wants to declare something and have it kind of be in effect almost immediately.

And the IEPA tariffs allowed him that flexibility, as you put it.

And it's just our luck that Tyler Kendall happened to be in New York today.

Clearly, she was not anticipating this.

I mean, we knew that this decision was coming along at some point, but the Supreme Court had passed up the previous two or three instances when it could have come out with this decision.

Tyler Kendall, Bloomberg's Washington correspondent, on her way back to D.C.

this afternoon.

Thank you so much.

Thank you.

It's messy, and that's exactly how Brett Kavanaugh, one of the dissenting justices, described the refund process.

It was likely to be a mess, as was acknowledged at oral argument.

Is it surprising, then, that the justices did not address the extent to which importers are entitled to refunds, that it's just basically kicking it back to the lower courts?

Yeah.

If anything, this makes the State of the Union address that much more interesting to see how it all shakes out the body language, not just what President Trump will say, because I'm sure he'll probably say something even before his address next week.

And we'll certainly given this is the signature economic policy that he has really defined his administration.

Right.

A lot of historical context there.

Certainly a huge landmark decision by the Supreme Court determining that President Trump's global tariffs are illegal.

Let's bring in Henrietta Trace.