Imagine that, in 2026, the courts put some guard-rails around the president’s emergency powers. Another ruling constrains ICE. The coming year in America might not be as bad as many think https://t.co/ovgPkQGeCv ...

Imagine that, in 2026, the courts put some guard-rails around the president’s emergency powers. Another ruling constrains ICE. The coming year in America might not be as bad as many think https://t.co/CtuEP2uxSc ...

Treasury Secretary is joining us now. Uh Scott Besson, we we worked on that that segue. Uh Mr.. Treasury Secretary, I hope you liked it. How are you. Good good to see you.>> Good morning, Joe. Good to see you. >> You uh let's talk tariffs and and and uh since it's front and center for everyone with with this beginning now at at Scotas, you have said you're going and um you want to be in the front row.I think you're I think your chances are good if you say that's where you'd like to sit. Uh, look, Joe, I I t ...

Legal Challenge to Presidential Tariffs - The core legal question is whether the President has the constitutional authority to impose tariffs, given that the Constitution grants tariff powers to Congress [2] - The President is using the Emergency Powers Act, arguing a national emergency in trade justifies the tariffs [2] - Challengers argue the President's claim of emergency power is unprecedented and potentially limitless [3] - A lower court already ruled against the tariffs, but the ruling was stayed pending appeal [7] - The appeals court decision is likely to be appealed to the Supreme Court [4][8] Potential Economic Impact - Billions of dollars are at stake for companies due to reciprocal tariffs announced by the President, including 25% on India and 90% on Brazil, as well as tariffs on China [4] Key Legal Arguments - The debate centers on whether a persistent 50-year pattern of trade deficits constitutes an "emergency" justifying presidential action [6] - The Supreme Court has historically rejected similar claims of executive power in cases involving President Truman, President Bush, and others [9] Key Figures to Watch - Chief Justice Roberts and Amy Coney Barrett will be closely watched if the case reaches the Supreme Court [11] Strategic Considerations - The Trump administration might try to negotiate deals to avoid imposing tariffs, potentially altering the legal landscape [11]