Scott Bessent

One line of questioning in this that one of the plaintiffs agreed on was, and it was either from Justice Alito or Justice Kavanaugh, was you were telling this court that the President of the United States can do 100% embargo, but he cannot put on a 1% tariff.

And the plaintiff said, yes.

January or February.

And Jason, to your question, yes.

I don't know what the ruling is going to be.

My guess is everyone... I think that framing is very important in any issue.

And I think the framing thus far has been very poor because it's viewed as zero-one.

It's up-down.

And my guess is it will be more nuanced.

Having been in the room, for instance, I think...

many in the media were at a different hearing than I was at.

So when Justice Barrett, Conway Barrett said, if we undo this, it'll be a mess.

That was viewed as just, it will be a mess as opposed to,

I believe she was actually leaning toward looking for a reason not to undo it because she was referring to the refunds.

The president has absolute ability or the executive branch has absolute ability through 301s, 232s, and something called 122s to raise revenue on trade.

So using the IEPA is not a stretch of that authority.

Well, I think it's C, because as Vice President Vance has said, we didn't get here overnight.

We inherited a mess.

And I think 2026 is going to be a very good year for the American people, for Main Street.

And what we are not going to do is A,