5/29/25: Trump triggered by TACO trade, David considers leaving the country
The David Pakman Show
David Pakman
4.8 β’ 6.2K Ratings
ποΈ 29 May 2025
β±οΈ 63 minutes
ποΈ Recording | iTunes | RSS
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| 0:00.0 | Welcome to the show. We start today with a massive legal defeat for the Trump administration. |
| 0:14.0 | Maybe the key, maybe the only real policy achievement, if you can call it that, although it's been a disaster, the blanket |
| 0:22.5 | tariffs, have been struck down by a federal court. |
| 0:26.2 | This goes back to Liberation Day. |
| 0:28.8 | It is an incredibly ironic situation where what's bad for the Trump administration is good |
| 0:34.8 | for global markets, which are rejoicing at this ruling. So let's talk about it |
| 0:40.2 | step by step. These are the tariffs that Donald Trump unilaterally slapped on just about every |
| 0:47.8 | foreign nation. A federal court has ruled these are illegal and these are outside of Donald Trump's authority as president. |
| 0:56.6 | Now, these two findings against the law, outside of Trump's authority, very common findings |
| 1:04.0 | with regard to what Donald Trump tries to do and does, regularly doing things that are outside |
| 1:10.0 | of the law and outside of the authority |
| 1:12.9 | of a president of the United States. Now, this is a ruling that doesn't just like poke a couple |
| 1:18.4 | of holes in Donald Trump's economic policy. This is obliterating, arguably, the central pillar |
| 1:26.6 | of Donald Trump's second term agenda. |
| 1:30.3 | And the kicker is that when you look at the three-judge panel that made this ruling, it's |
| 1:36.3 | a Reagan appointed judge, it's an Obama appointed judge, and it is a judge appointed by Donald |
| 1:43.7 | Trump himself. So that's how flimsy this was. Now, |
| 1:48.5 | what happened? Donald Trump used emergency powers to justify skipping Congress, bypassing Congress |
| 1:57.1 | altogether and imposing what we might call 10 plus percent tariffs. |
| 2:02.3 | Now, some of them were triple digit tariffs on just about every trading partner. |
| 2:07.4 | He called the Liberation Day on April 2nd. |
| 2:10.3 | The court says this is against the law. |
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