The Fox News Rundown Is the Supreme Court About To Overrule the President’s Economic Agenda?
Jan 14, 2026
In this discussion, Kevin O'Leary, an entrepreneur known from Shark Tank, shares his insights on a crucial Supreme Court ruling that could redefine presidential tariff authority and impact the economy. He advocates for reforms to address rising costs of living through local housing permits and healthcare solutions. Rep. Carlos Gimenez, a Cuban-born U.S. lawmaker, highlights the vulnerabilities of Cuba's economy amid a fading oil lifeline from Venezuela. He reflects on his personal journey from Cuba and emphasizes the ongoing fight for freedom among Venezuelans.
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Tariffs Raise Input Costs And Fuel Inflation
- Kevin O'Leary says tariffs can be inflationary because they raise input costs for goods and materials.
- He argues tariff-driven input inflation is a significant contributor to affordability problems today.
Tariff Refunds Would Need New Treasury Infrastructure
- Businesses suing over tariffs may seek refunds if the Supreme Court rules the authority invalid.
- Kevin O'Leary warns Treasury will need infrastructure to process potential large-scale tariff rebates.
Reciprocal Tariffs Can Normalize Trade Effects
- If tariffs become reciprocal across partners, global trade order can adjust with similar levies across jurisdictions.
- O'Leary suggests reciprocal tariffs could normalize impacts if applied uniformly.
