Trump Tariffs Shot Down — Now What Comes Next?

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Tick-ting, Trump tariffs shot down. Yep. Expected, expected, really no reaction at all as far as the financial markets are concerned. Barely a flutter. Barely a flutter. It was expected. And you want to know how I actually knew that I even think the Trump administration knew that these things were getting shut down was

The fact that we reported on here on the program is Howard Lutnick’s kids. Howard Lutnick’s kids, which took over Cantor Fitzgerald, were actually selling tariff refunds to various different companies. Basically giving them the money, partially, not all of the money, okay, for the tariffs that were collected. And when the tariffs get reprieved and Cantor Fitzgerald has the rights to those tariff refunds.

Not kidding. We reported on it here on the show a long, long time ago. So they get shut down. I don’t know what is going to happen next. I guess Trump said, well, we’ve got other other things we can do. know, other type of movements when it comes to tariffs. You know, you get certain Republicans coming out there, you know, the usual, you know.

Brown nosers the Trump brown nosers out there. terrible Supreme Court, you know going off on the Supreme Court Guys, let me make a suggestion. You know, you’re Republicans, right? If you think these tariffs are so awesome, why don’t you guys get together and Do them the right way put them through Congress? Well, again, why don’t you do it if they’re so great if they’re so awesome, why don’t you you know?

try to pass them through Congress because you know, again, the Constitution gives you guys the responsibility for raising taxes and a tariff is a tax period. The end. Again, I will explain it to everybody out there. Once again, it’s a cost that is borne not by China, not by Vietnam, not by anybody else. It’s paid for by

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the importers, it’s a cost of doing business, a tariff, in the same way, same way the Democrats on the other side of the coin, they love corporate taxes, which is again, a cost of doing business, which again is borne by the people that buy the product or are basically patronizing a business for a service, that’s us. It filters down to us, period, the end.

Okay, there’s no other argument for it. Okay, don’t let anybody else tell you otherwise. What’s gonna happen next? I don’t know what Trump is going to do. I think he’ll probably talk around this in bluster. Again, it’s Friday. It’s Friday, interesting. Supreme Court wisely, I think, put this out on Friday. I think that next week,

They may talk about it a little bit more. We’re working on various different things and I think they’re gonna let it fade to black. I think they’re going to let it fade to black and someone who has been following this very closely, very closely since Liberation Day. When I, you know, I almost threw up in my mouth and I went over there here in a program. Minding my own business at my daughter’s lacrosse game.

sitting in the beautiful sun beautiful day here Tampa, Florida, watching my daughter’s game University of Tampa, and I’m listening in to what was going on. And I again, my muster up in my mouth. And we watched all the the violence in the financial markets and make no bones about it. Okay. The administration caved very early on this.

very early on this because of the reaction within the credit markets and again I’m not going to go do the play-by-play. Up to Liberation Day I say things were going swimmingly for the administration. We had Doge going, a lot of excitement out there. This really threw a monkey wrench into things. Here is an opportunity for the Trump administration to reset. Reset.

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And again, they can also use this as this blame game. know, not only can Trump start going after he loves going after Jay Powell, he can now start going after John Roberts and Supreme Court, which which what he probably will do. One of the things that I pointed out again here, because to me, it’s nails on a chalkboard. For whatever reason, it may be I just you know, I have.

I have a reaction, okay? A reaction nails on a chalkboard. You know, there’s something out there that just, know, I just like get so angry when people knowingly get up in front of a microphone and just lie.

and just make stuff up. And case in point, the $18 trillion in investments coming into the United States. Trump recently had an article, wrote a piece in the Wall Street Journal, my tariffs have brought America back. $18 trillion. I have successfully wielded the tariff tool to secure colossal investments in America like no other country has seen before.

In less than one year, we have secured commitments for more than 18 trillion, a number that is unfathomable to many. It’s unfathomable because it’s unfathomable. It’s not true. Okay. Put this into perspective. $18 trillion is almost as big as China’s entire economy.

Okay? So all of you sycophants out there that echo this bullshit, okay? Wake up.

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China’s entire economy over the course of a year, about 18, a it’s a little bit more, but it’s around $18 trillion. You think that we secured investments to the tune of $18 trillion. And again, you know, the sycophants within the administration, that lightweight, that, you know, couldn’t win in the state of Georgia, Kelly Loeffler, yeah, she’s in charge of the SBA. Oh, what did she say? Oh, the 18 trillion you brought in created an economic boom like.

None we’ve ever seen before. yeah, we’ll get to the GDP numbers in another podcast. We’re going to have 7 % GDP growth. That’s what she said.

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If we had $18 trillion dollars in investment come into the United States, we would have what 40, 50 % GDP growth. And again, we’ll talk about GDP a little bit later, another podcast today. Anyway, it’s ridiculous. So again, none of that stuff.

Happened it never was going to happen. We told you that from the get-go So now they can walk away from that and say blame it on the Supreme Court We would have had all this investment and again, that’s probably what they’re going to do probably what they’re going to do

getting this money back, because there’s gonna be lawsuits, there’s gonna be filed to get money back, which can, which can, is going to be a boost if this money gets refunded as far as these corporations are concerned. I don’t know how they’ll do it. maybe they’ll give, rather than actually send cash back.

Maybe they’ll cut them some sort of deal in regards to taxes down the road, which again, will basically boost profitability for a lot of these companies, which again, will show up in a GDP report down the road. One of the things, again, you’re getting the brown-nosing sycophant, no-brain Republicans that are out there, and there’s plenty of them. And again, I’ll remind you, if you’re new listening to this, okay?

I’m not a Democrat. Okay. I’m an actual Adam Smith capitalist guy actually believes in the Constitution. Just you know, okay. Just so you know, old school, old school Reagan. All right. Anyway, this I had a comment on the United Trump put this out yesterday. United States trade deficit has been reduced by 78%.

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because of the tariffs being charged to other companies and countries. It will go into positive territory during this year for the first time in many decades. Thank you for your attention to this matter. No.

No, trade deficit is no different this year than last year. It’s, that’s just, the numbers came out and it’s the complete opposite of what he said. But again, that’s Trump, he doesn’t care. Okay, he’s gonna say what he’s going to say, but it didn’t help with our trade deficit at all.

And all and again, we’ve already gone over the fact that China had a record year as far as exports are concerned. I don’t know that, you know, they’ll they’ll get together this weekend. They’ll try to find a way that they’re going to sell this and frame this. I don’t know how it how it’s going to pan out. But the best thing they can do, the best thing they can do is walk the hell away.

Walk away, walk away, move on to something else. Hopefully not a war in Iran. Move on to something else and let it go. Allow certainty. Allow certainty to creep back into the, you know, our economy when it comes to tariffs. Allow that to happen. Again, the economy will grow. You’ll get the GDP numbers up again. The uncertainty is no good.

It’s no good. So, okay, these have been struck down. If you’re come back and you’re gonna try some other BS way around it, some other nonsense out there, again, back to square one. You wanna have decent GDP growth 2026? Well, again, walk away. Watchdog on wallstreet.com.