Jon Decker is live on Tariff Deadline Day

Episode Transcript

Speaker 1 (00:00):
Here we go. The tariffs are in effect now. John Decker,
our White House correspondent, joins us John, good morning, Hey.

Speaker 2 (00:05):
Good morning. That's right. The tariffs went into effect for
every one of America's trading partners JT at midnight last night.
That means tariff rates for most countries around the world
of ten percent, but a certain countries paying a lot more.
Fifteen percent for the EU, fifteen percent for Japan, fifteen
percent for South Korea, thirty five percent for Canada, and

(00:29):
the President announcing yesterday that the tariff rate for India
will go from twenty five percent, doubling it to fifty percent.
And that's because India continues to purchase a significant amount
of oil from Russia. The President says that that is
funding Russia's war effort against Ukraine, and the President punishing

(00:49):
India for doing just that.

Speaker 1 (00:51):
Well, John, I'm going to ask you to put your
lawyer had on here, because we know as much as
it looks good and trillions of dollars are going to
be coming into the United States States over time, and
the economy looks pretty robust right now. The market is
looking pretty good. Donald Trump is leveling the playing field
extremely well, and the great negotiator has done a great

(01:13):
job with this and balancing it all out economically for
the United States America first is the plan. But there
is now legal pushback and lawsuits flying around. Once again,
It's like every day he wakes up, a new lawsuit
comes at him, and one is addressing his move with
this tariff situation. Can he do this? You know he's

(01:33):
the president, but you know, can he upset the global
world like this just on his own by waving the
wand and negotiating these deals. I'm sure you've seen the
lawsuits that's coming through here. Is this got any teeth
to it at all?

Speaker 2 (01:46):
Well, it does have teeth, and the President has lost
at lower court levels, and this will ultimately be decided
by the US Supreme Court. At the issue is does
the President have the authority to unilateral impose these wide
ranging tariffs on every one of America's trading partners. The
President is citing a law that was passed in nineteen

(02:09):
seventy seven to do just that. You may recall I
asked the president, if you had that authority in your
first term, why didn't you use it? You know, he
could have used that authority in his first term as well.
The president at the time answering the question to me
essentially blaming COVID for that. But COVID, of course didn't
happen until the final year of his first term, so

(02:30):
he could have imposed those massive tariffs and taken in
tens and tens of billions of dollars in the first
three years of his first term. Regardless, this will be settled,
I think likely by the Supreme Court. And I think
the Supreme Court is going to take up this case
on a fast track. It's going to take up this
case within the next six months.

Speaker 1 (02:48):
I was talking with somebody just the other day about this,
and you know, John Roberts is such a proceduralist. You
know they could send a message to the court where
it is right now that says from the Supreme Court, Listen,
if you guys do this and you you know you're
gonna clamp down on them, it will come to our
courts and we're going to you know, it's not going anywhere.
We will rule and favor the president. I don't know

(03:11):
if uh, Jaron Roberts is you know, one to slide
a note when nobody's looking over to the courts and
just give a hinter if somebody do it, or if
he'll just let this one.

Speaker 2 (03:20):
Yeah, that's not going to happen. That's not the role
of any just justice or anyone who serves on the
federal bunch bench. They have to rule on issues that
are before them, so they're not involved in politics. They're
not going to, as you put it, JT slip a
note to anybody. They're going to wait for the case
to come to the Supreme Court and they'll rule upon
it based upon the law the Constitution, and we'll see

(03:42):
where it goes from there. You know, I'm not going
to weigh in and say what will happen. I don't know.
I simply don't know at this point. If it does
go before the Supreme Court, at you know, I'll be
in that courtroom. I'll be listening to the oral arguments
and we can talk afterwards, and I'll let you know
my thoughts about who's likely going to win and who's
going to lose based upon the questions asked of the

(04:03):
lawyers arguing the case.

Speaker 1 (04:04):
All right, well put me down for ten bucks on
the square that says Donald Trump all the way on
this one. So we'll see. But John Thank you, Buddy.
I appreciate your insight on this