Today, we’re diving into a landmark Supreme Court ruling that has reshaped the way we think about tariffs and executive power in the United States. In February 2026, the Court put a definitive check on presidential authority by deciding that the International Emergency Economic Powers Act does not actually allow a president to impose tariffs on their own. This ruling, stemming from the case Learning Resources, Inc. v. Trump, has major implications for the tariffs that former President Donald Trump put in place, particularly his "Liberation Day" tariffs announced back in April 2025.So what does this mean? Well, the Supreme Court’s decision has invalidated a significant portion of Trump’s tariffs, which had brought in about $133.5 billion by the end of 2025. Imagine that number—$133.5 billion—just wiped away! This ruling raises some serious questions about whether businesses and consumers will see any refunds for the tariffs they’ve paid, and how that could ripple through the economy.Become a supporter of this podcast: https://www.spreaker.com/podcast/conspiracy-theories-exploring-the-unseen--5194379/support.

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“What did the council decide on item 42?” — answered with the speaker and the moment.