Valuetainment "Economy Will Go To HELL" - Trump FEARS Supreme Court Tariff Ruling Could WRECK U.S. Markets
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Nov 6, 2025 The discussion dives into the impact of Trump's tariffs, revealing a staggering $223 billion in revenue. They explore the potential fallout from a Supreme Court case that could overturn these tariffs, potentially crippling US market leverage. The conversation compares tariff income with traditional tax revenue, shedding light on inflation impacts. Business opposition to tariffs is scrutinized, alongside national security implications. Finally, they ponder the likelihood of the Supreme Court upholding the tariffs, highlighting the stakes involved.
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Tariffs Raised Significant But Limited Revenue
- Tariff revenue jumped to $223 billion, up $142 billion year-over-year but far short of the $2.4 trillion income tax haul.
- The hosts view tariffs as a meaningful revenue boost but not a full replacement for income tax revenue.
Tariffs Can Lower Interest-Rate Pressure
- Tariff receipts reduced the need to issue some treasuries, easing upward pressure on interest rates.
- Tom argues tariff revenue can indirectly improve interest-rate dynamics by lowering borrowing needs.
Recent Tariff Collections Have Spiked
- Monthly tariff collections spiked from ~$10B to months hitting $30–34B, showing rapid recent growth.
- Patrick and Rob question sustainability but highlight the scale of the recent jump.