We're following some very big breaking news tonight. News that will come as a big blow to Donald

Trump and his agenda. Tonight, a three-judge panel in New York has effectively balked almost all of

Trump's disastrous tariffs. Trump's tariffs against Mexico and Canada, his tariffs against the EU,

against China, his tariffs against uninhabited islands with nothing but penguins and snow, they are all blocked

by this federal court decision. It comes out of the United States Court of International Trade,

which is a specialized court you may or may not have ever heard of, but it deals specifically

with trade issues. A three-judge panel consisting of one Reagan appointee, one Obama appointee, and crucially and importantly,

one Trump appointee ruled unanimously that Trump's trade war is essentially illegal, that he does

not have the authority to enact these sweeping tariffs on his own. When Trump signed the executive

order enacting these tariffs, he cited something called the International Emergency Economic Powers Act, a law that gives the president the authority to use tariffs in times of national emergency.

And in their ruling tonight, the judges write, quote, the question is whether the International Emergency Economic Powers Act delegates these powers to the president in the form of authority to impose unlimited tariffs on goods from nearly every country in the world.

The court does not read the law to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder.

The law does not grant tariff authority to the president simply when he finds or

determines that an unusual and extraordinary threat exists. I sense a little snark there. I appreciate it.

But man, when you put it that way, it all kind of makes a lot of sense, doesn't it? I mean, I'm not

an expert in international trade law. but Trump's justifications for these tariffs

have always been pretty thin, as Chris and I were just talking about. Trump claimed his tariffs on

Canada were to stop fentanyl trafficking, even though less than 1% of the fentanyl we see that the

border comes from Canada, less than 1%. Now, for the first time, we have a federal court saying

that we all, well, we all kind of

sort of knew to be true already. The president's justification for this trade war is BS, and that is not all.

The court tonight also ordered that all of the tariffs Trump has collected so far be vacated.

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