00:00White House Trade Advisor Peter Navarro issued a stock warning on Monday saying the fate of the United States rests in the U.S. Supreme Court's hand.
00:09The Supreme Court is expected to weigh in on President Donald Trump's use of the 1977 Emergency Powers Law to impose sweeping tariffs on most trading partners.
00:18This case is arguably the single most important economic case that has ever come before the Supreme Court.
00:31If the lower court's ruling is upheld, President Trump has correctly said that will be the end of the United States
00:39because it will be impossible to defend ourselves from the fentanyl poisoning and all of the trade environment
00:47which is hollowing out our supply chains and creating very dangerous problems for the American people.
00:54A divided U.S. appeals court ruled on Friday that most of Donald Trump's tariffs are illegal,
01:00undercutting the Republican President's use of the levies as a key economic policy tool.
01:04The court allowed the tariffs to remain in place through October 14 to give the Trump administration a chance to file an appeal with the Supreme Court.
01:13The 7-4 decision by the U.S. Court of Appeals for the Federal Circuit in Washington, D.C.
01:18addressed the legality of what Trump calls reciprocal tariffs imposed as part of his trade war in April,
01:23as well as a separate set of tariffs imposed in February against China, Canada and Mexico aimed at halting imports of fentanyl.
01:31Navarro also weighed on India after the U.S. has targeted India for its Russian oil purchases,
01:38where President Donald Trump imposing tariffs on Indian exports to U.S. to discourage the country's crude buying.
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