00:00In actuality, while I am sure that they did not mean to do so,
00:05the Supreme Court's decision today made a president's ability
00:09to both regulate trade and impose tariffs more powerful
00:13and more crystal clear rather than less.
00:17I don't think they meant that. I'm sure they didn't.
00:22It's terrible.
00:24And to think that the Democrats who oppose this
00:27is only because they want to go the opposite way.
00:30They'd like to pack the court. They want to put on 21 people.
00:33They want to pack the court, pack the Supreme Court.
00:36Maybe they should do it.
00:37Maybe they would be better off if they did it.
00:40They want to pack the court.
00:42They want to do anything to hurt our country.
00:45There will no longer be any doubt,
00:48and the income coming in and the protection of our companies and country
00:52will actually increase because of this decision.
00:57I don't think the court meant that, but it's the way it is.
01:01Based on longstanding law and hundreds of victories,
01:04and even, as I was pointed out before,
01:07even thousands of victories over the years,
01:09to the contrary,
01:11the Supreme Court did not overrule tariffs.
01:14They merely overruled a particular use of IEPA tariffs.
01:19And essentially, it's the use to get a fee.
01:22I can do anything I want with IEPA.
01:25Anything.
01:26I just can't charge anybody for it.
01:29I can license, I just can't charge them.
01:32It's ridiculous.
01:33But it's okay, because we have other ways, numerous other ways.
01:38The ability to block, embargo, restrict, license,
01:43or impose any other condition on a foreign country's ability
01:48to conduct trade with the United States under IEPA
01:52has been fully confirmed by this decision.
01:56So now there's no doubt, because, you know,
01:58there were a lot of questions about tariffs,
02:00because no president was smart enough to use them
02:03to protect our country from those countries
02:05and businesses that were ripping us off.
02:08You took a look at the deficits that we had
02:10with some of these countries.
02:11It was disgraceful what they got away with
02:13for many, many decades.
02:15But now we know, because this decision affirms
02:18all those things that some people weren't sure about,
02:22in order to protect, and it says so,
02:24in order to protect our country,
02:27a president can actually charge more tariffs
02:30than I was charging in the past period of a year
02:36under the various tariffs authorities.
02:38So we can use other of the statutes,
02:42other of the tariff authorities,
02:45which have also been confirmed
02:47and are fully allowed.
02:51Therefore, effective immediately,
02:54all national security tariffs under Section 232
02:58and existing Section 301 tariffs,
03:01they're existing, they're there,
03:04remain in place, fully in place,
03:07and in full force and effect.
03:10Today, I will sign an order to impose
03:12a 10% global tariff under Section 122,
03:16over and above our normal tariffs
03:19already being charged.
03:20And we're also initiating several Section 301
03:25and other investigations to protect our country
03:28from unfair trading practices
03:30of other countries and companies.
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