'This is recklessness’: California sues Trump administration to block tariffs

The Star

California on Wednesday (April 16) filed a lawsuit seeking to block US President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00Together with Governor Newsom, I'm filing our 14th lawsuit against the president

00:06in less than 14 weeks. This one challenging the tariffs he unlawfully imposed under the

00:14International Emergency Economic Powers Act. Let's get to our lawsuit. It focuses specifically

00:23on tariffs unlawfully imposed by executive orders that claim authorization under what's known as

00:29the International Emergency Economic Powers Act, or IEEPA. This is important because Trump claims this

00:37law is the reason he can impose these tariffs. And he is wrong. Thanks, Rob. Thank you, Mr. Attorney

00:47General. And most importantly, thank you, Christine. I think the Attorney General did an exceptional job

00:51in laying out the framework of this lawsuit and the why as it relates to the particular issues

00:59under the IEPA and notably issues that have been brought to the fore as it relates to the major

01:04questions doctrine recently by the Supreme Court. I would just highlight just two of the specific

01:10examples the Supreme Court used as it relates to the major questions doctrine on the issue of student

01:16loans under the Biden administration on the Clean Power Plan under the Obama administration. If they

01:21are consistent, then this lawsuit is a lock in terms of what the Attorney General has laid out. Check your 401k.

01:31Check your portfolio. If it includes Nvidia, you should check it right now. Nvidia, the great California

01:38company, one highlighted by the same Trump administration over the course of the last 24 to 48 hours,

01:45just got hit today with a $5.5 billion charge. Great California company got hit with a $5.5 billion

01:55charge, sending the markets to tumble yet again today. Nasdaq down over 2% as I speak. No consideration of

02:03congressional responsibility. Where the hell is Congress? Where the hell is Speaker Johnson? Do your job.

02:10They're sitting there passively as this guy wrecks the economy in the United States of America,

02:18which has dominated the global economy. Don't take my word for it. The Wall Street Journal.

02:22We are the envy to the world and overnight a wrecking ball.

Category

Transcript

Be the first to comment

Recommended