California Attorney General Rob Bonta Talks Tariff Ruling
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Bloomberg Audio Studios. Podcasts. Radio. News. Our coverage of the Trump tariff decision continues with a closer look at the Supreme Court's majority opinion, which zeroed in on what it called a unilateral and transformative expansion of the president's authority. Writing for the plurality, Chief Justice John Roberts said, quote, that in IEPA's half century of existence, no president has invoked the statute to impose any tariffs, let alone tariffs of this magnitude, and that the lack of historical precedent, coupled with the breadth of authority that the president claimed suggested that the tariffs extended beyond his legitimate reach. That issue, a core part of the three lawsuits that led to this case, including the lawsuit pressed by 12 Democratic state attorneys general, including from California's Rob Bonta.
He joins us right now to talk a little bit more about this decision. All right. First, what was your initial reaction at 10 a.m. Eastern time, that is, when you heard about the decision?
Not surprising. What I expected having been in the courtroom at the U.S. Supreme Court for the oral argument and very affirming. And most of all, I feel that it's an important amount of relief that's being delivered for the American people, including Californians, for consumers who are paying higher prices, for workers who've lost their jobs, for businesses, including small mom and pops who have struggled. Some have shuttered their businesses never to open again. So this is important relief delivered to them. And it calls out Trump's unlawfulness for what it is. He literally acted illegally to raise prices for the American people after saying that he was going to lower prices on day one. It was a lie, his statement, and it was improper and inappropriate what he has done.
He owes many businesses a refund.
Yeah. Yeah. Well, I'm curious about that. I mean, your governor, the California governor, Gavin Newsom, has already weighed in on the hundred and seventy plus billion dollars that have been collected from consumers and companies. Do you think there's any real legitimate chance that those companies, those consumers are actually going to see a refund of any portion of that?
Absolutely. You do. And the opinion could have said that we are making a decision that is prospective only, that going forward, Trump can no longer use these unlawful tariffs. They didn't say that, which makes it very clear that retroactive, retrospective relief is on the table. And there's a pathway to do this. You go to the Court of International Trade if you're a business, an importer that had to pay the unlawful tariffs, and you seek a refund through what's called the refund action process. And typically, generally, and it would be fair and just here, if your money is unlawfully withheld from you, if you had to pay something based on an unlawful tariff, you should get interest on it.
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