Trump started a tariff war early this year that resulted in chaos for small and large businesses

alike. And according to a nonprofit group, American households paid $165 billion in tariffs just

this year alone. We are awaiting the Supreme Court decision any day now, which will determine

whether or not these tariffs are

unconstitutional. In the meantime, the International Trade Court, the court where this lawsuit started,

where they sided with the small businesses that sued Trump in order to stop the lawsuit, just

confirmed in a ruling that if the Supreme

Court does indeed rule against Trump, then those companies and all the companies that were

imposed tariffs this year will be due of refund. My name is Dean Adol with the Midas Touch

Network. Let's get into this. Now, if we remember in the beginning of the year,

this all started with an executive order. Trump issued an executive order against Canada,

Mexico, Canada, saying he had to impose these tariffs because he had to stop the spread of

fentanyl, stop fentanyl from coming into this country. He then expanded it saying the trade deficit was causing

a national emergency. So the fentanyl and the trade deficit was a national emergency and therefore

he had power to impose these tariffs under the IEPA, the International Emergency Economics Powers Act,

which ironically was passed back in the 70s to

reign in presidential power to tariff. Nixon, Congress thought, had abused his power,

and so specifically passed this act in order to make it clear that the president only has

such authority in an emergency.

It was meant to restrict presidential power with respect to trade, not expand it.

This came out in the Supreme Court oral arguments.

Justice Kintanji Brown-Jackson bringing this up.

...