Zanny Minton-Beddoes

And thus far, if you look at the behavior of the Supreme Court,

It's shown itself disinclined to pick those kind of fights.

But I also think that even if it is struck down, as I said, I think there are other ways in which the administration will use tools to continue to impose tariffs.

It's worth remembering that, you know, President Trump has been in favor of tariffs for 40 years.

He first took out ads in The New York Times in the 1980s.

railing against japan it was japan in those days that was the object of his ire and saying that you had to have tariffs he's he's a tariff person he said i love tariffs this is central to his presidency and he campaigned on it and everyone knew that's what he wanted to do and so i i can't imagine that the administration will suddenly go oh okay we can't use tariffs right we're not going to that's not going to be part of our policy any longer

Yes, of course.

We've spent a lot of time talking about tariffs, and rightly so, because tariffs have been a big part of the discussion of the last six months.

But one of the striking things that I think much less remarked on is just how dramatic the shift in

The numbers of people coming into the U.S.

has been now.

We all know that President Trump proudly says that he has stopped the flood of people coming across the southern border.

And he has.

But the consequence is that the U.S.

has gone from a country that had under President Biden net immigration of some two and a half million people a year.

to this year having the estimates are, you know, very, very low hundreds of thousands or even some forecasts I've seen have suggested that this year the U.S.

could see a net outflow of people, i.e.

more people leaving the U.S.

than coming into the U.S.

And that would be the first time since the Depression that the U.S.