One Rental At A Time Is TRUMP's Tariff Strategy DOOMED if Supreme Court Rules Against Him?
Oct 17, 2025
The discussion kicks off with a critical analysis of Trump's tariff strategy and its precarious standing before the Supreme Court. The hosts dive into the International Economic Emergency Policy Act, highlighting its limitations regarding tariffs and national debt. A three-way split in the Court could lead to a significant rejection. They explore the potential financial fallout if tariffs are overturned, including refunds and market reactions. Inflation concerns and the Fed's response to changing economic landscapes add layers of intrigue to the conversation.
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IEEPA Wasn't Designed For Debt-Tariffs
- Taylor argues Trump's tariffs rely on the International Economic Emergency Powers Act (IEEPA), meant for sudden international crises, not national debt.
- Courts struck down the policy because the law doesn't mention tariffs or national debt as emergencies.
Chronic Deficit Undercuts Emergency Claim
- Taylor notes the U.S. has run deficits for most years since 1970, making deficit-as-emergency a hard sell legally.
- He argues the deficit is a slow-build, self-inflicted issue unlike sudden international threats IEEPA targeted.
Court Makeup Favors A Textualist Rejection
- Taylor describes the Supreme Court as split into three blocs: three activist conservatives, three leftists, and three strict constructionists.
- He predicts strict textualists (Gorsuch, Alito, Thomas) will reject the tariff claim on plain-language grounds.