Episode 116 | EXPOSED: Trump’s Tariffs Spark Stock Market MELTDOWN

In today's all-new episode, our hosts Renato Mariotti and Asha Rangappa discuss the legality of Donald Trump's global tariffs, and the seismic fallout for Americans as the tariffs roil the stock markets and people's 401Ks.

Make sure to subscribe to our Patreon: patreon.com/reallyamericanmedia.

The episode highlights a crucial but often overlooked point: the power to regulate commerce and impose tariffs rests with Congress. Our hosts explain that this authority has been extended to the President occasionally, they stress how the boundaries of such must be recognized. 

We’ll break down the limitations of the President’s authority to impose tariffs, especially when viewed through the lens of the International Emergency Economic Powers Act (IEEPA) and the National Emergencies Act. 

In the courts, Trump's tariffs are being challenged by the right-wing National Civil Liberties Alliance. The lawsuit raises critical questions about executive orders and the delegation of congressional powers. Asha and Renato explore these legal intricacies, diving into what this means for the balance of power between Congress and the Executive.

We walk through the chaos that tariffs have wreaked on the U.S. economy, including the alarming drops in the S&P 500. They question the declared "national emergency" that the tariffs aim to address, pointing out how far removed these actions seem from reality.

Renato explores judicial scrutiny and discusses whether courts will back the President's bogus claim of a national emergency.  He also examines the potential implications for US justice if these tariffs remain unchecked.

Our hosts urge Congress to reassess and retract its delegations that grant Trump such expansive powers. And we remind listeners of what’s at stake, with a dire warning against complacency. 

Be sure to tune in next time to It’s Complicated, where we tackle the issues that can’t be boiled down into simple soundbites. 

Learn more about your ad choices. Visit megaphone.fm/adchoices