1 00:00:00,120 --> 00:00:03,720 Speaker 1: So Costco is suing the US government. 2 00:00:04,360 --> 00:00:07,480 Speaker 2: This is okay, So this is fascinating. So obviously Costco 3 00:00:07,920 --> 00:00:09,159 Speaker 2: a major what do we call them? 4 00:00:09,200 --> 00:00:09,920 Speaker 1: A wholesaler? 5 00:00:10,320 --> 00:00:12,320 Speaker 2: Is that what they are? Yeah, good chance, you've got 6 00:00:12,320 --> 00:00:14,040 Speaker 2: to if you live in any sort of if you're 7 00:00:14,080 --> 00:00:16,080 Speaker 2: within the sound of our voice, there's probably a Costco 8 00:00:16,360 --> 00:00:20,720 Speaker 2: within driving distance of you. Right, They're everywhere, and they 9 00:00:20,760 --> 00:00:24,599 Speaker 2: are now suing NBC, various other numerous other media outlets 10 00:00:24,640 --> 00:00:27,640 Speaker 2: having this story. They are now suing the Trump administration 11 00:00:28,320 --> 00:00:32,760 Speaker 2: and they're asking the Court of International Trade to strike 12 00:00:33,040 --> 00:00:36,800 Speaker 2: down Trump's tariffs as unlawful and give them all their 13 00:00:36,800 --> 00:00:37,240 Speaker 2: money back. 14 00:00:37,360 --> 00:00:40,360 Speaker 1: Yeah, they want a full refund on tariffs. 15 00:00:40,920 --> 00:00:44,080 Speaker 3: They argue that Donald Trump's use of emergency powers to 16 00:00:44,240 --> 00:00:47,800 Speaker 3: create the tariffs was not allowed by law. Now, of 17 00:00:47,840 --> 00:00:51,480 Speaker 3: course that decision has not been made yet. 18 00:00:51,920 --> 00:00:54,920 Speaker 2: Yes, it's currently in front of the Supreme Court and 19 00:00:55,920 --> 00:00:58,720 Speaker 2: the Supreme Court. So one of the cool things that 20 00:00:58,720 --> 00:01:01,920 Speaker 2: has happened in the past decade is the Supreme Court 21 00:01:02,000 --> 00:01:03,480 Speaker 2: has now allowed. 22 00:01:04,880 --> 00:01:05,640 Speaker 1: Oral recording. 23 00:01:05,680 --> 00:01:07,600 Speaker 2: I guess would be the word where there's still no 24 00:01:07,680 --> 00:01:09,920 Speaker 2: cameras in the Supreme Court. But it used to be 25 00:01:10,080 --> 00:01:14,360 Speaker 2: just bad sketches and handwritten notes, and now they release 26 00:01:14,560 --> 00:01:18,360 Speaker 2: the oral transcript or whatever it is, like, the recording 27 00:01:18,400 --> 00:01:20,440 Speaker 2: of the event from each day. You can go hear 28 00:01:20,480 --> 00:01:22,880 Speaker 2: it for yourself. And one of the things that's very clear. 29 00:01:22,920 --> 00:01:27,280 Speaker 2: So a group of it's twenty plus Democrat states and 30 00:01:28,880 --> 00:01:32,399 Speaker 2: a group of small business or organizations, multiple small business 31 00:01:32,440 --> 00:01:36,120 Speaker 2: organizations are suing the Trump administration saying these tariffs are 32 00:01:36,200 --> 00:01:40,840 Speaker 2: unlawful because he's using this Emergency Powers Act to level 33 00:01:40,840 --> 00:01:43,039 Speaker 2: these tariffs. And they're saying, look, there's no emergency going on. 34 00:01:43,280 --> 00:01:45,480 Speaker 2: If you want these tariffs, you need to go through 35 00:01:45,520 --> 00:01:47,480 Speaker 2: the Congress. Proper orders to go to the Congress, and 36 00:01:47,560 --> 00:01:49,680 Speaker 2: here's why we need them voted up or down. And 37 00:01:49,720 --> 00:01:51,600 Speaker 2: then hey, if they enacted, then you know, we'll deal 38 00:01:51,640 --> 00:01:54,400 Speaker 2: with that. But you're not going about this the right way. 39 00:01:54,560 --> 00:01:59,080 Speaker 2: And it appeared, based on the recordings that were released, 40 00:02:00,160 --> 00:02:04,600 Speaker 2: that the Supreme Court is inclined to agree with the 41 00:02:04,640 --> 00:02:09,280 Speaker 2: business organizations and the states that are suing. However, what 42 00:02:09,320 --> 00:02:12,760 Speaker 2: they're wrestling with is if they agree with them, the 43 00:02:13,320 --> 00:02:17,040 Speaker 2: mass chaos it will unleash on the American government and 44 00:02:17,120 --> 00:02:21,280 Speaker 2: economy if the government is indeed forced to give people 45 00:02:21,639 --> 00:02:23,760 Speaker 2: their money back. It was a fascinating thing to see. 46 00:02:23,800 --> 00:02:25,840 Speaker 2: Amy Cony Barrett was one of them who was like 47 00:02:25,919 --> 00:02:29,320 Speaker 2: out loud wrestling with this, basically saying, I kind of 48 00:02:29,360 --> 00:02:31,680 Speaker 2: agree with you and want to vote for you, but 49 00:02:31,919 --> 00:02:34,880 Speaker 2: what happens with this? And to the credit of the 50 00:02:34,919 --> 00:02:36,920 Speaker 2: guy who was arguing the case for the planoffs, he 51 00:02:36,960 --> 00:02:39,600 Speaker 2: was basically like, judge, you make a good point. Not 52 00:02:39,720 --> 00:02:42,040 Speaker 2: our problem, right, your job is doing. 53 00:02:41,840 --> 00:02:44,079 Speaker 1: Force the law. You just have to rule on this. 54 00:02:44,320 --> 00:02:46,240 Speaker 2: Yeah, they made this mess, they got to clean it up. 55 00:02:46,280 --> 00:02:47,520 Speaker 2: You can't rule based on that. 56 00:02:47,760 --> 00:02:53,000 Speaker 3: So Customs and Border Protection refuse Costco's requests to delay 57 00:02:53,080 --> 00:02:57,720 Speaker 3: calculating the total tariffs it owes, so that could make 58 00:02:57,760 --> 00:02:59,920 Speaker 3: it harder for Costco to get their money back. It's like, 59 00:03:01,120 --> 00:03:04,040 Speaker 3: how much have we lost or how much would we 60 00:03:04,160 --> 00:03:04,760 Speaker 3: be owed? 61 00:03:05,080 --> 00:03:08,120 Speaker 2: Well, that's the other part of the and it's actually 62 00:03:08,120 --> 00:03:12,320 Speaker 2: something Trump is said out out. So then this gets fascinating, where, Okay, 63 00:03:12,360 --> 00:03:16,600 Speaker 2: mister Trump, mister President, you can't say that the Supreme 64 00:03:16,639 --> 00:03:20,000 Speaker 2: Court can enforce the law because there'd be too much havoc. 65 00:03:20,800 --> 00:03:23,440 Speaker 2: You did this, sir, you should have thought about that 66 00:03:23,840 --> 00:03:26,480 Speaker 2: before you did this thing. Because pretty much everybody under 67 00:03:26,480 --> 00:03:30,639 Speaker 2: the sun who was remotely objective from the moment you 68 00:03:30,680 --> 00:03:34,000 Speaker 2: started doing this was saying, there's not an emergency with 69 00:03:34,040 --> 00:03:37,760 Speaker 2: Great Britain, there's not an emergency with Australia or Japan. 70 00:03:38,360 --> 00:03:41,280 Speaker 2: He would have had solid footing on the and the 71 00:03:41,280 --> 00:03:44,440 Speaker 2: Canada Mexico stuff because of the Finnel crist Right to 72 00:03:44,480 --> 00:03:46,320 Speaker 2: be able to say, look, these illegal drugs are coming in, 73 00:03:46,320 --> 00:03:47,680 Speaker 2: they're killing people, we have to do something. 74 00:03:47,720 --> 00:03:50,600 Speaker 1: But it's because he expanded on Liberation Day. 75 00:03:50,800 --> 00:03:53,720 Speaker 2: And this goes back to the nineteen seventies and Richard Nixon, 76 00:03:53,920 --> 00:03:56,200 Speaker 2: when Richard Nixon was president, and there's a sort of 77 00:03:56,200 --> 00:03:57,840 Speaker 2: a kind of a what appears to be a pretty 78 00:03:57,840 --> 00:04:00,240 Speaker 2: clear standard of what's an emergency and what's not. This 79 00:04:00,280 --> 00:04:03,520 Speaker 2: is definitely not meeting that. He's he being Trump is 80 00:04:03,560 --> 00:04:08,000 Speaker 2: just trying to bypass the authority that should lie with 81 00:04:08,080 --> 00:04:12,560 Speaker 2: the United States Congress. And so I am going to 82 00:04:12,600 --> 00:04:16,600 Speaker 2: be fascinated to see how the Supreme Court, for lack 83 00:04:16,600 --> 00:04:19,599 Speaker 2: of a better term, tries to split the baby to 84 00:04:20,480 --> 00:04:22,520 Speaker 2: rule what they think is what appears to be what 85 00:04:22,520 --> 00:04:25,159 Speaker 2: they think will be correct based on their comments during 86 00:04:25,200 --> 00:04:30,320 Speaker 2: the arguments, but also recognizing you could tip the American 87 00:04:30,320 --> 00:04:33,680 Speaker 2: economy and the American federal government upside down if they 88 00:04:33,760 --> 00:04:34,560 Speaker 2: rule it this way. 89 00:04:34,760 --> 00:04:36,279 Speaker 1: So these are two separate cases. 90 00:04:36,320 --> 00:04:39,400 Speaker 3: You've got the bigger tariff case, which the Supreme Court 91 00:04:39,480 --> 00:04:43,440 Speaker 3: heard on November fifth, and the lawsuit from Costco was 92 00:04:43,520 --> 00:04:49,800 Speaker 3: filed on November twenty eighth. But it's not Donald Trump's job, though, 93 00:04:49,800 --> 00:04:51,880 Speaker 3: to worry about Costco's margins. 94 00:04:52,920 --> 00:04:55,720 Speaker 2: It's not, but it is his if he's illegally taking 95 00:04:55,800 --> 00:04:59,200 Speaker 2: money from them, that is should be his job to 96 00:04:59,200 --> 00:05:02,360 Speaker 2: worry about. And this is the problem with Trump. I mean, look, 97 00:05:02,400 --> 00:05:05,000 Speaker 2: it's the problem with Biden. It's you know, any person 98 00:05:05,160 --> 00:05:08,760 Speaker 2: who's president, especially in a post George W. Bush nine 99 00:05:08,760 --> 00:05:11,479 Speaker 2: to eleven era, where we just give the president essentially 100 00:05:11,480 --> 00:05:14,560 Speaker 2: power to do whatever he desires and then it's up 101 00:05:14,600 --> 00:05:18,400 Speaker 2: to a court to strike it down. That should be 102 00:05:18,440 --> 00:05:21,960 Speaker 2: something you're thinking about, hey, based on the Constitution, what 103 00:05:22,440 --> 00:05:25,840 Speaker 2: does this say and how would a court be likely 104 00:05:25,920 --> 00:05:30,880 Speaker 2: to rule? And I should probably proceed accordingly based on that. Well, 105 00:05:30,920 --> 00:05:33,359 Speaker 2: instead Trump just does it. He appears based on his 106 00:05:33,400 --> 00:05:35,200 Speaker 2: own comments, because you know, he can't not talk if 107 00:05:35,200 --> 00:05:37,080 Speaker 2: someone puts a microphone in front of his face and 108 00:05:37,080 --> 00:05:39,279 Speaker 2: then he talks himself in circles. He has at various 109 00:05:39,279 --> 00:05:45,040 Speaker 2: times essentially admitted it probably legally wouldn't pass muster. But 110 00:05:45,080 --> 00:05:48,800 Speaker 2: then but then he goes, well you can't, but they 111 00:05:48,839 --> 00:05:51,200 Speaker 2: can't strike it down because it would just cause havoc 112 00:05:51,279 --> 00:05:55,039 Speaker 2: to the economy and the government, like that is a society. 113 00:05:55,160 --> 00:05:58,520 Speaker 3: Rather than ask for permission, he'll ask for forgiveness. Costco's 114 00:05:58,560 --> 00:06:00,599 Speaker 3: not the only company that's doing this, by the way, 115 00:06:01,040 --> 00:06:05,880 Speaker 3: other companies have sued as well, Bumblebee Foods, Kawasaki, Revlon. 116 00:06:06,560 --> 00:06:10,920 Speaker 3: So imagine all of these companies showing me, too, where's 117 00:06:10,960 --> 00:06:12,240 Speaker 3: my money from the tariffs? 118 00:06:12,279 --> 00:06:14,080 Speaker 2: Well, and I believe it was Cony Barrow was the 119 00:06:14,200 --> 00:06:16,600 Speaker 2: one in the back and forth. That's what she was 120 00:06:16,640 --> 00:06:20,240 Speaker 2: struggling with with this. This lawyer for the plaintiffs was 121 00:06:20,320 --> 00:06:24,040 Speaker 2: to say, okay, but like, could anybody then get in 122 00:06:24,080 --> 00:06:27,719 Speaker 2: And he's like, well, yeah, I mean, like, this is 123 00:06:27,760 --> 00:06:31,280 Speaker 2: not a hard conversation. If the government has done something illegal, 124 00:06:31,360 --> 00:06:34,560 Speaker 2: if government has broken the law, then you have to 125 00:06:34,760 --> 00:06:36,839 Speaker 2: you have to push back on this. You cannot worry 126 00:06:36,880 --> 00:06:39,880 Speaker 2: about the ramifications of the government based on the government 127 00:06:40,000 --> 00:06:44,200 Speaker 2: not following the rules. They made this bed, they'll they'll 128 00:06:44,240 --> 00:06:44,960 Speaker 2: have to sleep in it.