Psaki: Tariffs are a tool of Trump's corruption at taxpayers' expense
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How did Trump manipulate tariffs for personal gain?
The U.S. military deployed on the streets of America. Whole communities targeted for removal. There was tremendous anxiety as they saw neighbors and friends being taken. And when accountability finally came knocking, the burn order to cover it all up. I never believed that America would be doing this. A stain on this country, one that we said we would never repeat.
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As you all know, it was another one of those Fridays where the news gods dumped a massive story on us, with the Supreme Court striking down the vast majority of Donald Trump's tariffs and sending the president spiraling into an absolute toddler-esque temper tantrum on national television with some very creepy dark lighting in the briefing room, I would note. Now, Illinois Governor J.B. Pritzker, as Steph just mentioned, is going to join me here in just a moment. My bet is he has some thoughts on that public tantrum. I'm also going to ask him about his very direct message to Trump after the decision came down. Steph also referenced this.
What are the implications of the Supreme Court's ruling on Trump's tariffs?
He basically said Illinois wants its money back, demanding the Trump administration refund residents of his state $1,700 each for the money they lost to tariffs. He even sent the Trump administration a literal invoice for the money. We'll show that. You can see that right there. So there's a lot to talk with the governor of Illinois about tonight. And with a big decision like this reversing one of Trump's most catastrophic economic policies and with Trump threatening to try and revive the policy in almost any way he can, I think a lot of people are wondering what this all means for the economy, from how much things cost to whether they will actually ever see a dime back of the cost of these tariffs.
And the one person I can know who can answer all of these questions and knows all the levers is Senator and Professor Elizabeth Warren, who's also going to join me here later to explain what happens next. So we've got a lot to get to tonight, but I just want to start with this. Every president has specific things they like to focus on. And I worked for two, I know this, certain issues or beliefs or campaign slogans that they will go back to over and over again. But there's only one president that I know who has taken such a liking to one particular word, a single noun from the English language, which he seems to prize above all else.
It's called tariffs. I said, my favorite word in the whole dictionary is tariff. I said, tariff is my favorite word in the whole dictionary. I said, my favorite word of every word is tariff.
How can Illinois residents get reimbursed for tariff costs?
I've loved it for 40 years. My favorite word... In the English dictionary is the word tariff. One of my favorite words is the word tariff. My favorite word is the word tariff. My favorite word, tariffs. I said tariff.
My favorite word is tariff. It's like he's grunting it out. It's his favorite word. That's clear. Nobody loves tariffs, it seems, more than Donald Trump loves tariffs. It's why, against all reason, Trump blanketed the world with steep tariffs, arbitrarily and chaotically driving up prices for millions of American consumers. And it's why today, when an aide walked into a meeting between Trump and a bunch of governors and handed him a note saying that the Supreme Court had struck down the vast majority of his tariffs, Trump went ballistic.
What patterns of behavior does Trump exhibit regarding tariffs?
I mean, immediately after that meeting, Trump held a hastily assembled press conference to mourn his precious tariffs. I mean, again, it's like the lighting in there is a funeral of sorts. I've never seen it lit like that. Over the course of 45 minutes, the American people got to watch him experience basically all five stages of grief live on television. I mean, there was stage one, denial.
I have the right to do tariffs, and I've always had the right to do tariffs. The Supreme Court's decision today made a president's ability to both regulate trade and impose tariffs more powerful. I don't think the court meant that. I don't think the court meant it. I don't think they meant that.
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Chapters
8 chapters
1
How did Trump manipulate tariffs for personal gain?
0:00–1:05
2
What are the implications of the Supreme Court's ruling on Trump's tariffs?
1:05–2:33
3
How can Illinois residents get reimbursed for tariff costs?
2:33–3:22
4
What patterns of behavior does Trump exhibit regarding tariffs?
3:22–4:15
5
What is the economic impact of Trump's tariffs on American consumers?
4:15–5:42
6
How does Senator Warren view the future of tariffs under Trump's administration?
5:42–6:24
7
What strategies does Trump use to circumvent legal limitations on tariffs?
6:24–7:30
8
What accountability measures are needed for Trump's tariff policies?
7:30–43:00
Speakers
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