Leticia James is a winner. Donald Trump, a loser. The tariffs are blocked, and that from a court that

Donald Trump handpicked to take the dispute to when states challenged and small businesses challenged

his power, which he doesn't have, back on Liberation Day, to set new tariffs against the world.

Not so, says the Court of International Trade.

Yes, that's a real court in New York, three-judge panel,

which was evenly divided between Obama, Reagan, and Trump appointees,

all ruled unanimously that Trump does not have those powers. And now Donald Trump

has taken an appeal. And where does that appeal go? You may ask, it goes to the federal circuit.

A little-known appellate court that sits in Washington, D.C., comprised of 11 judges. And then if he loses the appeal, he'll try to take it up to the United States Supreme Court.

And if he loses that, then he's going to have to start giving out orders to the

Customs, United States Customs Department to issue orders to take down those tariffs.

I'm going to go over it with you right now.

Huge setback for Donald Trump, especially since he dragged the case into this particular court.

I'm Michael Popock. Let's put on my Wall Street hat. Give you the breakdown here on the Midas Touch Network, including the new information that there's already been an appeal that's been filed,

and we'll see what happens next. What happened? Late last night, we got a ruling from this

unique specialized court that sits in New York. It is a specialty court. It is an Article

3 court, meaning the judges there are lifetime appointees and confirmed by the Senate,

and they are subject to and are creatures of Article III of the U.S. Constitution.

And they meet in panels, unlike a trial court, a federal court, at the district court level,

they meet in three judge panels like appellate courts,

but they're really a court of first original jurisdiction,

meaning that they hear the case.

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