1 00:00:00,160 --> 00:00:04,000 Speaker 1: Of nineteen seventy four sections one two two one to 2 00:00:04,000 --> 00:00:07,880 Speaker 1: three oh one and the Tariff Act of nineteen thirty 3 00:00:07,960 --> 00:00:11,119 Speaker 1: section three thirty eight or clear, but it's a little 4 00:00:11,160 --> 00:00:12,360 Speaker 1: bit longer process. 5 00:00:12,600 --> 00:00:15,920 Speaker 2: I thought that'd make things simple, but they didn't let 6 00:00:16,000 --> 00:00:16,479 Speaker 2: us do that. 7 00:00:16,600 --> 00:00:19,680 Speaker 1: I would like to thank just this capital for his frankly, 8 00:00:19,760 --> 00:00:20,960 Speaker 1: his genius sinners. 9 00:00:22,040 --> 00:00:26,319 Speaker 3: So that is President Trump very proud of saying that, 10 00:00:26,680 --> 00:00:29,120 Speaker 3: of course, it's a terrible decision from the Supreme Court 11 00:00:29,200 --> 00:00:32,440 Speaker 3: six to three decisions saying that he cannot implement tariffs 12 00:00:32,520 --> 00:00:39,000 Speaker 3: under the IEEPA, the International Economic Emergency Powers Act, can't 13 00:00:39,000 --> 00:00:43,320 Speaker 3: issue tariffs that way, and then reading basically from the 14 00:00:43,440 --> 00:00:48,239 Speaker 3: Kavanaugh Descent, where Brett Kavanall explains three or four or 15 00:00:48,240 --> 00:00:52,319 Speaker 3: five other ways the President could still engage tariffs. And 16 00:00:52,360 --> 00:00:56,240 Speaker 3: this is I mean singing Kavanaugh's praise is left and right, 17 00:00:56,600 --> 00:00:58,720 Speaker 3: saying Okay, well, maybe I should have gone it this 18 00:00:58,760 --> 00:01:01,400 Speaker 3: way from the beginning, but I still have the things 19 00:01:01,400 --> 00:01:04,119 Speaker 3: I could do here. And I'm going to Tony Kats 20 00:01:04,520 --> 00:01:06,960 Speaker 3: Tony Kats today, good to be with you now. Saying 21 00:01:07,000 --> 00:01:11,040 Speaker 3: things and doing things are two different things. Remember, with Trump, 22 00:01:11,319 --> 00:01:13,920 Speaker 3: it's not about what he says it's about what he does. 23 00:01:14,959 --> 00:01:17,880 Speaker 3: But the man loves tariffs, and he doesn't seem to 24 00:01:17,920 --> 00:01:20,199 Speaker 3: be shying away from them, even though I wish he would. 25 00:01:21,360 --> 00:01:24,679 Speaker 3: So he is discussing what else he can do in 26 00:01:24,720 --> 00:01:26,120 Speaker 3: this press conference. 27 00:01:26,120 --> 00:01:27,360 Speaker 2: He's having as we. 28 00:01:27,280 --> 00:01:32,000 Speaker 1: Speak, based on longstanding law and hundreds of victories, and 29 00:01:32,080 --> 00:01:35,160 Speaker 1: even as I was pointed out before, even thousands of 30 00:01:35,240 --> 00:01:39,360 Speaker 1: victories over the years, to the contrary, the Supreme Court 31 00:01:39,440 --> 00:01:41,040 Speaker 1: did not overrule tariffs. 32 00:01:41,560 --> 00:01:44,160 Speaker 2: They merely overruled a particular. 33 00:01:43,760 --> 00:01:48,280 Speaker 1: Use of AEPA tariffs, And essentially it's the use to 34 00:01:48,280 --> 00:01:51,280 Speaker 1: get a fee. I can do anything I want with 35 00:01:51,360 --> 00:01:57,160 Speaker 1: APA anything, I just can't judge anybody for it. I 36 00:01:57,160 --> 00:02:00,280 Speaker 1: can license, I just can't judge him. It's ridiculous. But 37 00:02:00,440 --> 00:02:01,440 Speaker 1: it's okay because we have. 38 00:02:02,920 --> 00:02:04,600 Speaker 2: Other ways, numerous other ways. 39 00:02:05,240 --> 00:02:11,280 Speaker 1: The ability to block, embargo, restrict, license, or impose any 40 00:02:11,360 --> 00:02:16,440 Speaker 1: other condition on a foreign country's ability to conduct trade 41 00:02:17,120 --> 00:02:20,560 Speaker 1: with the United States under AEPA has. 42 00:02:20,440 --> 00:02:22,600 Speaker 2: Been fully confirmed by this decision. 43 00:02:23,560 --> 00:02:25,560 Speaker 1: So now there's no doubt, because you know, there were 44 00:02:25,560 --> 00:02:28,639 Speaker 1: a lot of questions about tarisk because no president was 45 00:02:28,639 --> 00:02:30,960 Speaker 1: smart enough to use them to protect our country from 46 00:02:31,040 --> 00:02:32,960 Speaker 1: those countries and businesses that. 47 00:02:32,919 --> 00:02:34,200 Speaker 2: Were ripping us off. 48 00:02:35,040 --> 00:02:36,919 Speaker 1: You took a look at the deficits that we had 49 00:02:36,960 --> 00:02:39,200 Speaker 1: with some of these countries. Who was disgraceful what they 50 00:02:39,200 --> 00:02:43,320 Speaker 1: got away with for many, many decades. But now we 51 00:02:43,400 --> 00:02:47,360 Speaker 1: know because this decision affirms all those things that some 52 00:02:47,400 --> 00:02:50,840 Speaker 1: people weren't sure about in order to protect and it 53 00:02:50,880 --> 00:02:55,200 Speaker 1: says so, in order to protect our country, a president 54 00:02:55,280 --> 00:02:59,080 Speaker 1: can actually charge more tariffs than I was charging in 55 00:02:59,160 --> 00:03:05,639 Speaker 1: the past period of a year under the various tariffs authorities. 56 00:03:05,639 --> 00:03:09,959 Speaker 1: So we can use other of the statutes other of 57 00:03:10,000 --> 00:03:15,880 Speaker 1: the tariff authority which have also been confirmed and are 58 00:03:15,919 --> 00:03:23,639 Speaker 1: fully allowed therefore effective immediately all national security tariffs under 59 00:03:23,639 --> 00:03:28,040 Speaker 1: Section two thirty two and existing Section three oh one tariffs. 60 00:03:28,280 --> 00:03:33,440 Speaker 1: They're existing, they're there, remain in place, fully in place, 61 00:03:35,080 --> 00:03:38,360 Speaker 1: and in full force and effect. Today I will sign 62 00:03:38,400 --> 00:03:41,640 Speaker 1: in order to impose a ten percent lobal tariff under 63 00:03:41,640 --> 00:03:46,000 Speaker 1: Section one twenty two. Over and above are normal tariffs 64 00:03:46,000 --> 00:03:51,360 Speaker 1: already being charged. And we're also initiating several Section three 65 00:03:51,440 --> 00:03:56,040 Speaker 1: oh one and other investigations to protect our country from 66 00:03:56,160 --> 00:04:01,000 Speaker 1: unfair trading practices of other countries and marks. It's just 67 00:04:02,440 --> 00:04:05,680 Speaker 1: thank you for your attention to this matter. And I 68 00:04:05,720 --> 00:04:08,280 Speaker 1: say quite simply, which I said for a. 69 00:04:08,280 --> 00:04:11,160 Speaker 2: Long time, make America great again. 70 00:04:11,200 --> 00:04:14,760 Speaker 1: And interestingly, we've already made it great, so I don't 71 00:04:14,840 --> 00:04:15,560 Speaker 1: have to use that. 72 00:04:15,600 --> 00:04:17,400 Speaker 2: But I don't think we'll ever give up on MAGA. 73 00:04:17,520 --> 00:04:18,960 Speaker 2: Mag is always going to be with us. 74 00:04:20,120 --> 00:04:23,160 Speaker 1: If you have a few questions, you can let us go, 75 00:04:24,160 --> 00:04:27,679 Speaker 1: but just to end so we're going forward. We will 76 00:04:28,360 --> 00:04:31,320 Speaker 1: be able to take in more money and they'll no 77 00:04:31,400 --> 00:04:34,680 Speaker 1: longer be doubt, because it was always doubt. I know 78 00:04:34,760 --> 00:04:37,599 Speaker 1: the people that brought the lawsuit, and you know, they're 79 00:04:37,600 --> 00:04:40,720 Speaker 1: sleeves bags, major sleeves bags. But I know them, and 80 00:04:41,279 --> 00:04:48,000 Speaker 1: they're foreign country centric. They were sending things into our country, 81 00:04:48,680 --> 00:04:52,000 Speaker 1: and the people representing them knew full well. But they 82 00:04:52,000 --> 00:04:56,120 Speaker 1: were sending things into our country and they were beneficial 83 00:04:56,200 --> 00:04:59,800 Speaker 1: to other countries but very very bad for us. And 84 00:04:59,839 --> 00:05:02,360 Speaker 1: I stopped it, and we'll just keep it going so 85 00:05:02,400 --> 00:05:05,200 Speaker 1: we have more of a We have a totally firm 86 00:05:05,240 --> 00:05:08,159 Speaker 1: decision now, and I don't think the court meant it, 87 00:05:08,600 --> 00:05:12,760 Speaker 1: because the court doesn't show great spirit toward our country. 88 00:05:12,760 --> 00:05:16,760 Speaker 1: In my opinion, a lot of bad decisions, but there 89 00:05:16,760 --> 00:05:19,560 Speaker 1: are usually ways around it. This is something we could 90 00:05:19,600 --> 00:05:21,720 Speaker 1: have done, as Justice Cabinet said, we could have done 91 00:05:21,760 --> 00:05:24,400 Speaker 1: this originally, but we're doing it now, and the numbers 92 00:05:24,400 --> 00:05:25,880 Speaker 1: could be far greater than. 93 00:05:25,720 --> 00:05:29,160 Speaker 2: The hundreds of billions we've already taken in. Yeah, please 94 00:05:30,400 --> 00:05:33,640 Speaker 2: thank the President. I'm very curious. 95 00:05:35,040 --> 00:05:38,160 Speaker 4: Thank you so much, mister President. Justice Thomas and Alito, 96 00:05:38,240 --> 00:05:41,480 Speaker 4: as you know, are the most conservative constitutional justices. Do 97 00:05:41,560 --> 00:05:43,279 Speaker 4: you think that you'll get to a point two more 98 00:05:43,400 --> 00:05:46,599 Speaker 4: justices later this term with similar ideologies? And what type 99 00:05:46,640 --> 00:05:49,400 Speaker 4: of vetting process will they go through to ensure the uphols? 100 00:05:49,440 --> 00:05:51,719 Speaker 2: I don't know what. They're great justices, that's all I 101 00:05:51,720 --> 00:05:53,760 Speaker 2: could say. And I hope they're going to be around 102 00:05:53,800 --> 00:05:55,479 Speaker 2: a long time. I hope they're going to stay healthy. 103 00:05:55,480 --> 00:05:56,920 Speaker 2: They're great people. They're great. 104 00:05:56,960 --> 00:06:00,080 Speaker 1: And Justice Alito to to add to the group, he 105 00:06:00,160 --> 00:06:04,200 Speaker 1: is a great He's a great man with a great 106 00:06:04,240 --> 00:06:06,839 Speaker 1: love of our country and a great understanding of the law. 107 00:06:09,800 --> 00:06:13,520 Speaker 4: Congress to take additional action on tariffs now it's always 108 00:06:13,520 --> 00:06:14,039 Speaker 4: be approved. 109 00:06:14,680 --> 00:06:17,040 Speaker 1: I mean, I would ask Congress and probably get it 110 00:06:17,520 --> 00:06:20,680 Speaker 1: when people look at the real numbers and you look 111 00:06:20,680 --> 00:06:23,480 Speaker 1: at hundreds of billions of dollars that have come into 112 00:06:23,480 --> 00:06:24,080 Speaker 1: our country. 113 00:06:24,680 --> 00:06:25,640 Speaker 2: Yesterday I was at. 114 00:06:25,560 --> 00:06:29,479 Speaker 1: A steel plant, as you know, and I went to great, 115 00:06:30,000 --> 00:06:33,800 Speaker 1: great place, great plant, great wonderful people, and they were 116 00:06:33,960 --> 00:06:36,040 Speaker 1: telling me. I said to him, you were there a 117 00:06:36,080 --> 00:06:38,240 Speaker 1: lot of the press in this room. 118 00:06:38,320 --> 00:06:40,400 Speaker 2: Of course, I don't think this plane's big enough to 119 00:06:40,440 --> 00:06:42,880 Speaker 2: take the press in this room, but a lot of 120 00:06:42,920 --> 00:06:43,760 Speaker 2: the press right here. 121 00:06:43,960 --> 00:06:47,480 Speaker 1: We're in Georgia, and I said to the owner of 122 00:06:47,560 --> 00:06:50,640 Speaker 1: I made a speech at a factory. They made steel products, 123 00:06:50,839 --> 00:06:53,520 Speaker 1: and I said, how are you nice to meet you, 124 00:06:53,920 --> 00:06:55,760 Speaker 1: house business president. 125 00:06:56,440 --> 00:06:59,680 Speaker 2: I'd love to kiss you. This is a very powerful man. 126 00:06:59,680 --> 00:07:02,480 Speaker 2: I don't want to be kissed by that man, but a. 127 00:07:02,480 --> 00:07:04,800 Speaker 1: Very powerful strong man. He's been in the seal business 128 00:07:04,839 --> 00:07:09,400 Speaker 1: for many years. His father started it, and he said, sir, 129 00:07:09,440 --> 00:07:12,480 Speaker 1: I want to kiss you. Said why, said be because 130 00:07:12,520 --> 00:07:15,520 Speaker 1: we were down to working one hour a week, and 131 00:07:15,560 --> 00:07:18,440 Speaker 1: then you came in and imposed tariffs, and all of 132 00:07:18,480 --> 00:07:22,160 Speaker 1: that foreign junk that they were dropping into our country stopped. 133 00:07:22,920 --> 00:07:26,760 Speaker 2: And we're now going to double shifts seven days a. 134 00:07:26,680 --> 00:07:28,920 Speaker 1: Week, and we may be very soon going to twenty 135 00:07:28,920 --> 00:07:32,000 Speaker 1: four hours around the clock, almost seven days a week. 136 00:07:32,640 --> 00:07:34,600 Speaker 2: He said, sir, I want to kiss you so badly, 137 00:07:35,240 --> 00:07:36,280 Speaker 2: and I said, no, thank you. 138 00:07:37,480 --> 00:07:40,320 Speaker 1: But you know what, he just just to finalize it, 139 00:07:40,880 --> 00:07:44,000 Speaker 1: he said, oh, this is a great place in Georgia, 140 00:07:44,040 --> 00:07:49,560 Speaker 1: he said, all up and down the highway, same exact answer, sir, 141 00:07:50,160 --> 00:07:51,360 Speaker 1: we're all going out of business. 142 00:07:51,400 --> 00:07:53,800 Speaker 2: We're going to go bankrupt. We're all going out of business. 143 00:07:54,400 --> 00:07:56,920 Speaker 1: And now every one of us are thriving, and we're 144 00:07:57,000 --> 00:08:00,800 Speaker 1: hiring people like we haven't, he said, like I've never 145 00:08:01,240 --> 00:08:01,880 Speaker 1: and he's been. 146 00:08:02,480 --> 00:08:04,640 Speaker 2: You can argue he's welded very well. 147 00:08:05,120 --> 00:08:06,800 Speaker 3: And then you take a look to what happened with 148 00:08:06,800 --> 00:08:15,760 Speaker 3: the point the Americans. 149 00:08:12,760 --> 00:08:15,520 Speaker 2: That are under construction right now. You see all the construction, 150 00:08:15,880 --> 00:08:16,520 Speaker 2: this reality. 151 00:08:17,040 --> 00:08:19,840 Speaker 1: Those construction workers are building factories that are going to 152 00:08:19,840 --> 00:08:23,840 Speaker 1: be open, including not only AI which is big, but 153 00:08:24,240 --> 00:08:27,360 Speaker 1: car plants coming in from Canada, who ripped us off 154 00:08:27,360 --> 00:08:28,760 Speaker 1: for thirty percent of our market. 155 00:08:29,200 --> 00:08:32,280 Speaker 2: Mexico ripped us off for a big portion. Over the years. 156 00:08:32,679 --> 00:08:36,880 Speaker 1: They've taken our market. They've taken our cars. They manufacture 157 00:08:36,880 --> 00:08:39,960 Speaker 1: them in Japan, Germany and all over the place. Because 158 00:08:40,000 --> 00:08:43,480 Speaker 1: nobody's standing in this position, the position I have as 159 00:08:43,559 --> 00:08:47,360 Speaker 1: President of the United States, had the insight the current well, 160 00:08:47,400 --> 00:08:51,840 Speaker 1: I don't know what it is to charge tariffs. 161 00:08:51,880 --> 00:08:53,640 Speaker 2: You can make your product outside. 162 00:08:53,679 --> 00:08:55,600 Speaker 1: You can put our people out of business, you can 163 00:08:55,640 --> 00:08:59,640 Speaker 1: put everybody on the unemployment roles. But if you're going 164 00:08:59,679 --> 00:09:01,640 Speaker 1: to make a car in some other country, you're going 165 00:09:01,720 --> 00:09:04,720 Speaker 1: to pay a fifteen twenty thirty percent tariff, and those 166 00:09:04,760 --> 00:09:05,760 Speaker 1: things would have never happened. 167 00:09:05,800 --> 00:09:07,080 Speaker 2: We wouldn't have lost our business. 168 00:09:07,080 --> 00:09:11,240 Speaker 1: The same thing with as an example, Taiwan. Taiwan came in, 169 00:09:11,920 --> 00:09:15,680 Speaker 1: they stole our chip business. They made chips for thirty 170 00:09:15,760 --> 00:09:19,880 Speaker 1: years longer they made chip chip chip, and. 171 00:09:19,520 --> 00:09:23,680 Speaker 2: They put our companies. Intel would be now the largest company. 172 00:09:23,800 --> 00:09:24,840 Speaker 2: I saved Intel. 173 00:09:25,440 --> 00:09:28,960 Speaker 1: I literally saved it at the beginning of this administration. 174 00:09:29,800 --> 00:09:34,280 Speaker 1: And now all those companies in Taiwan are building factories 175 00:09:34,760 --> 00:09:38,080 Speaker 1: in Arizona, Texas and various other places because they don't 176 00:09:38,080 --> 00:09:38,960 Speaker 1: want to pay tariffs. 177 00:09:39,080 --> 00:09:41,040 Speaker 2: They're all pouring into the United States. 178 00:09:41,840 --> 00:09:46,080 Speaker 1: But just like that great patriot said yesterday, sir, what 179 00:09:46,280 --> 00:09:47,640 Speaker 1: you've done. 180 00:09:47,679 --> 00:09:49,119 Speaker 2: Nobody thought was possible. 181 00:09:49,840 --> 00:09:53,280 Speaker 1: And Steve Moore, a highly respected economists, came into my 182 00:09:53,320 --> 00:09:57,240 Speaker 1: office yesterday said you've done something nobody's ever done. Twenty 183 00:09:57,280 --> 00:10:02,480 Speaker 1: two Nobel Prize winners and economics said we would right 184 00:10:02,559 --> 00:10:06,600 Speaker 1: now be in a recession, and you said, no. 185 00:10:06,520 --> 00:10:08,800 Speaker 2: We're gonna have a booming country. We're gonna have a 186 00:10:08,800 --> 00:10:12,040 Speaker 2: booming country. You were right. All twenty two were wrong, 187 00:10:12,720 --> 00:10:13,480 Speaker 2: and you were right. 188 00:10:13,840 --> 00:10:17,240 Speaker 1: This country is booming, and it's booming because of the 189 00:10:17,320 --> 00:10:20,880 Speaker 1: election on November fifth, and it's booming for another reason. 190 00:10:20,880 --> 00:10:27,640 Speaker 2: It's booming because of tariffs. Yeah, please decision that if 191 00:10:27,760 --> 00:10:29,360 Speaker 2: the Supreme Court please go ahead. Thank you. 192 00:10:29,440 --> 00:10:31,800 Speaker 1: As president, what will you say to foreign nations who 193 00:10:31,880 --> 00:10:34,280 Speaker 1: seek to renegotiate their deals? And what did you mean 194 00:10:34,320 --> 00:10:36,680 Speaker 1: a moment ago when you said that the Supreme Court 195 00:10:36,760 --> 00:10:39,760 Speaker 1: has been swayed by foreign interests? Well, I think that 196 00:10:39,840 --> 00:10:44,480 Speaker 1: foreign interests are represented by people that I believe have 197 00:10:44,679 --> 00:10:45,640 Speaker 1: undue influence. 198 00:10:45,679 --> 00:10:47,720 Speaker 2: They have a lot of influence over the Supreme Court. 199 00:10:47,800 --> 00:10:52,920 Speaker 1: Whether it's through fear or respect or friendships, I don't know, 200 00:10:53,000 --> 00:10:55,160 Speaker 1: but I know some of the people that were involved 201 00:10:55,200 --> 00:10:55,760 Speaker 1: on the other. 202 00:10:55,679 --> 00:10:58,240 Speaker 2: Side, and I don't like them. I think they're real 203 00:10:58,320 --> 00:11:01,960 Speaker 2: slime balls. And and UH got to do what's right 204 00:11:02,000 --> 00:11:03,600 Speaker 2: for the country. You got to do what's right for 205 00:11:03,640 --> 00:11:04,360 Speaker 2: the Constitution. 206 00:11:04,520 --> 00:11:08,760 Speaker 1: That's why I respect so much, just as Thomas and 207 00:11:08,880 --> 00:11:13,560 Speaker 1: Alito Kavanaugh, because they not only dissented, their descent is 208 00:11:13,559 --> 00:11:14,040 Speaker 1: so strong. 209 00:11:14,160 --> 00:11:16,240 Speaker 2: When you read their descent, you know a lot of. 210 00:11:16,160 --> 00:11:18,440 Speaker 1: Times you'll read the descent and it's like, well, you 211 00:11:18,480 --> 00:11:19,560 Speaker 1: don't know, it could go either way. 212 00:11:20,280 --> 00:11:21,080 Speaker 2: There's no other way. 213 00:11:21,200 --> 00:11:25,360 Speaker 1: The good news is it's like Justice Kabana said, very strongly, said, 214 00:11:25,880 --> 00:11:27,440 Speaker 1: you have other ways you can go. You don't have 215 00:11:27,440 --> 00:11:27,959 Speaker 1: to go that way. 216 00:11:28,000 --> 00:11:29,600 Speaker 2: You can go other way there. And the president is 217 00:11:29,600 --> 00:11:31,520 Speaker 2: clear he's going to continue with tariffs, and. 218 00:11:31,520 --> 00:11:34,040 Speaker 3: He's saying immediately we're implementing this, this, and this and 219 00:11:34,200 --> 00:11:36,160 Speaker 3: keeping these tariffs in place, and we're gonna look at 220 00:11:36,160 --> 00:11:40,280 Speaker 3: other things. Kavanaugh did lay out a blueprint you can 221 00:11:40,320 --> 00:11:46,360 Speaker 3: do all these other things. So, okay, I wish you wouldn't, 222 00:11:46,960 --> 00:11:49,000 Speaker 3: but I am not going to get my wish. Keep 223 00:11:49,040 --> 00:11:50,680 Speaker 3: it here. This is Tony Kats today