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Valuetainment

“Trump Has Other Tools” - Supreme Court STRIKES DOWN Trump’s Tariffs

21 Feb 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 1.433 Patrick Bet-David

Oh, my God.

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1.473 - 5.179 Tom Ellsworth

This just happened. I knew this was going to happen. Unbelievable.

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5.199 - 17.179 Patrick Bet-David

Oh, my God, Tom. Did you just see that? Yeah, it's 6-3. I haven't seen the list of judges, but 6-3 has to mean that Comey and Roberts joined the three liberal women.

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17.199 - 24.688 Tom Ellsworth

What the hell are they doing? What are they doing? What are they doing? We're winning, and it's working, and look at what we want to talk about the deep state.

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25.049 - 47.933 Unknown

That's it right there. So major breaking. The U.S. Supreme Court has just struck down President Trump's tariff authority 6-3. Terrible. Supreme Court just wrecked our country. One of the biggest economic comebacks in the world history just thrown into— What the hell? By the way, Neil Gorsuch joined the liberal majority. Play the clip. Are they saying anything, or is it just an update?

48.033 - 49.415 Adam Sosnick

I have not been able to check it out.

49.435 - 59.248 Unknown

Let's just see the first 10 seconds. We do. We've got a very fractured opinion, but initially what it says, we know it's authored. I just want to know who voted against it, Tom. Did you pull it up?

Chapter 2: What was the Supreme Court's ruling on Trump's tariff authority?

59.268 - 79.918 Unknown

It says essentially that this law that grants the president emergency powers did not, it looks like by this first blush reading by the chief justice here, does not give him the power. Roberts. to levy these tariffs that he's levied. Part of this initial opinion says the words regulate importation.

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79.938 - 99.535 Unknown

The president says that gives him the independent power to impose tariffs on imports from any country, any product, any rate, any time. These words, it says, cannot bear such weight. We know he got a dissent by Justice Kavanaugh. Let's go to the market. How's the market reacting? Is it an immediate uptick? Unbelievable. It's an immediate uptick. Interesting.

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99.555 - 100.997 Adam Sosnick

Uptick in the market. Interesting.

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101.017 - 107.046 Unknown

Not by a lot. Not by a lot, but let's just see if it just happened in the last 30 minutes. So when did this happen, Rob?

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107.266 - 107.987 Randy Fine

30 minutes ago.

108.588 - 115.938 Unknown

This happened, this update about tariffs is how long ago? Did it just happen right now or was it 30 minutes ago?

115.958 - 121.686 Patrick Bet-David

I thought like 12 minutes was when it happened. Everything I see, the first release, Pat, was 10.02 a.m. Eastern. What's happening now?

122.341 - 123.784 Adam Sosnick

Yep, about 25 minutes ago.

124.284 - 143.438 Unknown

Okay, guys, then the market's reacting to this. That's what the market's reacting to because the market was flat 49, 280, and then it went up 300. It went all the way up to 40. Why would the markets go up based on this news? Well, you have to realize there are some people that –

Chapter 3: How did the market react to the Supreme Court's decision?

278.958 - 299.616 Patrick Bet-David

So I think what you're going to see here is Trump has to take different tactics to negotiate internationally, B. But A, mainstream media and the Dems are going to run with this and saying, see, I told you he was a monarch. I told you he was dictator. I told you he was wielding a red pen like a king. No kings. You're going to hear all that crap.

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299.596 - 319.461 Patrick Bet-David

But what has really happened here is he's going to have to change his tactics. And let's remember what happened in the middle. Between now and a year ago, those tariffs were used to successfully negotiate trade agreements in the benefit of America first, not America only, but America first.

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319.441 - 333.775 Randy Fine

I could make another argument for what I think the president should do. I'd read this quote. When Congress grants the power to impose tariffs, it does so clearly and with careful constraints, Roberts wrote. It did neither here. Now, while I don't agree with that, I think the president was absolutely within his rights.

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334.176 - 353.927 Randy Fine

What I think folks in your audience who stand with Trump need to do is they need to call people like me and say pass a bill to give him those tariffs. What the Supreme Court is saying is not that the president can't impose tariffs. Well, they're not saying he can't impose tariffs. They're saying he didn't have the congressional authority to impose tariffs. So we have a choice. We have a choice.

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353.947 - 365.429 Randy Fine

And look, it may make us blow up the filibuster in the Senate, but we do have a slight majority in the House. Please do. And we do have a slight majority in the Senate. And so we, as a Congress, can choose to give him that power.

365.449 - 383.252 Randy Fine

Because what President Trump has done is he has brought in an extraordinary amount of money to the country in the form of these tariffs, which really are just sales taxes on foreign goods. He's reduced the trade deficit. He's making people invest in this country. He's bringing down the deficit. And he is using it to wield other people.

383.472 - 387.077 Randy Fine

And what the Supreme Court is not doing is saying other countries can't tariff us.

387.257 - 387.417 Tom Ellsworth

Exactly.

387.397 - 396.491 Randy Fine

And that is what is – apparently everyone thinks tariffs are a great idea when China and Europe and everyone else does it to the United States. But it's the worst idea in the world when we do it back.

Chapter 4: What does the ruling mean for Trump's economic policies?

627.387 - 647.359 Unknown

Zoom in a little bit. It's the Trade Expansion Act of 1962. Exactly, of 1962. The president can impose tariffs or restrictions on imports deemed to threaten national security based on Commerce Department investigations. So they may go to this. Can you also go to Section 301 tariffs? Section 301 tariffs.

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647.542 - 648.383 Patrick Bet-David

These are the other tools.

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648.623 - 650.245 Unknown

Yeah, these are the other tools.

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650.285 - 651.266 Patrick Bet-David

Of the Trade Act of 1974.

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651.386 - 676.452 Unknown

Yeah, so this is 1974. Our ongoing duties imposed by the USTR on Chinese imports, often 7.5% or 25% or higher, to counteract unfair trade practices like intellectual property theft as of early 2026. These tariffs remain in effect, and some rates increasing on strategy sectors such as... So the biggest concern with the tariffs... You know, he said, well, we got all these...

676.432 - 693.462 Unknown

deals that were done with tariffs. And it was like small countries, like nobody, everybody wants to hear the one country. And that's what? China. So what things he can use against China? There is plenty of stuff to use the threat of national security against China. Adam, your thoughts.

693.442 - 709.419 Adam Sosnick

So I'm going to give a different perspective because obviously we're not happy about this. And we were all fan of what's going on with the tariffs and what everything's going on with Lutnick. But let me try to turn that frown upside down because Trump's a brilliant marketer. So I'm thinking of ways he can turn, you know, lemons into lemonade.

709.899 - 714.704 Adam Sosnick

So do you think that there's people on the left cheering for this right now? Of course.

715.265 - 715.805 Randy Fine

Absolutely.

Chapter 5: What are the implications of the Supreme Court's decision on trade negotiations?

1017.464 - 1032.545 Unknown

Okay. I heard what Tom said. I heard what Adam said. I'm not going to repeat it. But I got a question. Let's say Supreme Court was, is it 6-3 right now, conservatives? Is that what the structure is right now? Okay. On paper. On paper.

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1032.666 - 1035.389 Patrick Bet-David

Fine. Comey and Roberts have been moderate for a year and a half.

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1035.41 - 1060.563 Unknown

Fair. But let's just say go to 2024. when they tried to get him off the ballot in Colorado, 2023, when they tried to get him off the ballot in Colorado. In Maine. This is the question I want to ask. If the Supreme Court was 6-3, do you think they would have voted liberal, six liberal, three conservatives, do you think they would have voted to remove Trump from the ballot in Colorado?

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1060.583 - 1068.694 Unknown

Be very unemotional. Do you think they would have voted for him to be removed, or they would have said, no, this is not constitutional?

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1070.058 - 1076.148 Randy Fine

We can look up how most of these people were on the court then. We can see how they voted. And that might be the answer.

1076.168 - 1094.158 Unknown

They didn't vote for it. But remember, it's 6-3. So they voted it out and it was gone. I'm saying pick six liberal Supreme Court justices, three conservatives. How do you think, Tom, that would have gone? Six liberal, three conservatives. Do you think that would have removed them off the ballot?

1095.033 - 1116.45 Patrick Bet-David

I think that there is a danger in a liberal court because the answer, I'll answer it. Yes, I think that's a very real possibility because liberal justices have shown themselves to legislate from the bench and the conservative constitutional judges have shown themselves to focus on interpreting the Constitution and getting down to yes, no answers on a narrow issue.

1117.342 - 1121.09 Patrick Bet-David

I think if it was liberal court, Pat, there's a danger that could have happened.

1121.11 - 1140.205 Randy Fine

Here's the risk. Look at some of these judges like Boasberg and some of the insane rulings that some of these leftist judges have made since Trump has gotten in. I think if those people ended up on the Supreme Court, it's a real risk. This is not a good thing. But I also don't think we should lose our minds about it because Trump does have other options.

Chapter 6: What alternative strategies can Trump use after losing tariff authority?

1602.52 - 1609.529 Patrick Bet-David

And it says, take my life if God allows you to take it. Because if you do it, God is only permitting it, not causing it. I love it, Tom.

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1609.549 - 1610.47 Unknown

I love it. Vinny.

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1610.49 - 1627.753 Tom Ellsworth

So yeah, and that was it. And I just want to make sure I'm the way and the truth of life. No one gets to the Father through me. And it's just that right there is the epitome of faith over fear. And I just can't. It's almost as if every week something else is happening that's proving it and showing it. And I pray that I have that much faith if it ever comes down to it. And I pray that I get it.

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1627.853 - 1643.136 Unknown

Got it. Awesome. And by the way, I love seeing the faith over fear. Hats, shirts, everything that you got. If you feel the same way, go to btmerch.com. place an order for yourself, your family, and your friends.

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