Uh Oh! Trump’s Own Lawyers Turn Against his Tariff Plan!!
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What illegal actions did Trump's lawyers admit regarding the new tariff plan?
Donald Trump and his lawyers have already destroyed any possible argument they can make in court to try to defend Trump's new 15% tariffs against the world. As I'm sure you know by now, after Donald Trump lost the case before the Supreme Court and they struck down his tariffs against the world under a 1977 statute called AIPA, Donald Trump then had a temper tantrum and then imposed 15% tariffs against the entire world under the Trade Act of 1974, Section 122. Now, the big problem for Trump invoking Section 122 is that it doesn't apply at all to a circumstance involving so-called trade deficits, which Donald Trump is complaining about. And Donald Trump's lawyers argued before the Court of International Trade, the Federal Circuit Court, as well as the United States Supreme Court, that Section 122 of the Trade Act of 1974 doesn't apply.
Specifically, the federal judges and the justices then on the Supreme Court asked Donald Trump's lawyers, does Section 122 apply instead of the statute that you've been using to impose tariffs against the world, IEPA? Can you use Section 122? And Donald Trump's lawyer said, nope, Section 122 cannot be invoked at all. That would be unlawful. So what does Donald Trump do after the IEPA emergency tariffs against the world were struck down by the Supreme Court? he invokes section 122. what i also want to discuss with you in this video is that trump has also created all of the evidence against himself uh to strike down these new 15 tariffs against the world you know how donald trump has made up that the united states has received
How did Trump's previous tariff attempts get struck down by the Supreme Court?
Trillions and trillions of dollars already in 2025, he claimed from these countries because they just want to give him all their money. Remember, he said he's collected $17 trillion, $18 trillion, $22 trillion. Well, by you making those statements, you are also demonstrating that there is not any balance of power. payment system controversy that would be needed to invoke Section 122 because you're saying all these countries are giving you their money and that America's never been stronger, so you have no basis to invoke Section 122 as well. Trump is going to lose, yet again, all of the cases that are going to be brought against him starting today based on his unlawful invocation of Section 122.
And one of the things I want to highlight as well, as it relates to the markets, by Donald Trump invoking Section 122, he's essentially saying the United States is in a Great Depression level crisis right this second. By invoking it, he's saying he's admitting that the United States economy is worse than it's ever been before. Folks, Section 122, which was created in 1974 after something called this this this. big kind of Nixon financial crisis situation and the Bretton Woods system, which I'll talk about in just a moment. But the statute was created in 1974 to deal with potential currency manipulation, to deal with a potential run on gold, which never ended up happening. Nixon ended up imposing tariffs for a short period of time, and then certain situations were resolved back in the early 70s.
But this statute has never been invoked before ever. through lots of crises that the United States have had, whether it was through the 80s, the dot-com bust, whether it was the Great Recession, this has never been invoked. And so by invoking it, you are also admitting that the United States basically is having a Great Depression level crisis, the scale of which has never been seen before. And that's not a good look for the United States. So let's just do what we do here on the Midas Touch Network and go point by point. Let's bring out the receipts. So Neil Katyal, you know Neil, he's been on the show before, He was the lawyer who argued the case to the Supreme Court and the lower courts that ultimately struck down Donald Trump's tariffs against the world under the IEPA statute.
And Katayel explains, it seems pretty hard for Donald Trump to rely on this 15% statute, section 122 of the Trade Act of 1974, when his Department of Justice in our case told the court the opposite.
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Chapters
6 chapters
1
What illegal actions did Trump's lawyers admit regarding the new tariff plan?
0:00–1:59
2
How did Trump's previous tariff attempts get struck down by the Supreme Court?
1:59–5:30
3
What are the legal limitations of invoking Section 122 of the Trade Act?
5:30–12:02
4
What evidence has Trump created against himself regarding the new tariffs?
12:02–18:09
5
How does invoking Section 122 imply a crisis in the U.S. economy?
18:09–19:57
6
What historical context is important for understanding Section 122's invocation?
19:57–23:37