Let's talk about SCOTUS, Trump's Tariffs, how we got here, and what's next.... Belle of the Ranch

Here are the key points from the video:

- SCOTUS struck down Trump's "Liberation Day" tariffs in a 6-3 decision, ruling they were not authorized under the International Emergency Economic Powers Act (IEEPA).
- Both conservative and liberal justices were skeptical, with Roberts, Barrett, and Alito all raising significant doubts during arguments — Roberts noting IEEPA never specifically authorized tariffs.
- The Major Questions Doctrine was central to the ruling — major policy decisions require clear congressional authorization, and Trump couldn't provide it. Chief Justice Roberts quoted this directly in the ruling.
- Consumers likely absorbed the costs, as even dissenting Justice Kavanaugh acknowledged that importers "may have already passed on costs to consumers."
- Trump can still reimpose tariffs using other legal mechanisms, meaning the ruling isn't a permanent end — Canada and the EU are already preparing for this possibility.
- Broader economic context is concerning — the video notes inflation rose and 2025 GDP growth came in at its slowest pace since the COVID-19 pandemic.