U.S. Commerce Consultant Jamieson Greer joins ‘Mornings with Maria’ to debate the Supreme Courtroom tariff showdown, potential $200B fallout and new progress in U.S.-China commerce relations.
President Donald Trump mentioned Sunday that individuals who don’t assist tariffs are “fools” and vowed to make use of the income generated from duties to fund a $2,000 dividend for People.
“Individuals which are towards tariffs are FOOLS! We at the moment are the richest, most revered nation on the earth, with nearly no inflation and a file inventory market worth,” Trump wrote in a Reality Social put up. “A dividend of at the least $2000 an individual (not together with high-income folks!) will probably be paid to everybody,” he added.
TRUMP DEFENDS TARIFFS, SAYS US HAS BEEN ‘THE KING OF BEING SCREWED’ BY TRADE IMBALANCE
Complete tariff income for fiscal yr 2025 climbed to $215.2 billion, in keeping with the Treasury Division. (Brandon Bell/Getty Photos / Getty Photos)
Trump additionally mentioned that resulting from his financial agenda, manufacturing vegetation and factories are seeing “file funding.” He additionally mentioned that the U.S. will quickly start “paying down our ENORMOUS DEBT” which is presently hovering simply north of $38 trillion, in keeping with the newest numbers printed by the Treasury Division.
Since Trump introduced his “Liberation Day” tariffs in April, tariff revenues have climbed sharply from $23.9 billion in Might to $28 billion in June and $29 billion in July. Complete obligation income reached $215.2 billion in fiscal yr 2025, which ended Sept. 30, in keeping with the Treasury Division’s “Customs and Sure Excise Taxes” report.
To this point in fiscal yr 2026, which started on Oct. 1, the U.S. has collected $35.9 billion.
Trump’s remarks got here amid renewed authorized scrutiny of his commerce insurance policies, because the Supreme Courtroom final week started listening to oral arguments on whether or not Trump has authority beneath the Worldwide Emergency Financial Powers Act (IEEPA) to impose tariffs and whether or not these actions violate the Structure’s separation of powers.
TRUMP SAYS SUPREME COURT CASE ON TRADE IS ‘LIFE OR DEATH’ FOR THE US
The Supreme Courtroom started listening to Trump’s tariff case on Nov. 5, 2025. (Valerie Plesch/image alliance/Getty Photos / Getty Photos)
A federal appeals court docket dominated on Aug. 29 that Trump overstepped his authority through the use of emergency powers to impose new tariffs on imported items. The decrease court docket mentioned that energy lies squarely with Congress or inside present commerce coverage frameworks. Now, the nation’s highest court docket will determine the destiny of Trump’s commerce agenda.
CLICK HERE TO GET FOX BUSINESS ON THE GO
The White Home has beforehand defended Trump’s tariffs as a legit use of presidential powers to guard the economic system in a press release to Fox Information Digital.
“We sit up for final victory on this matter with the Supreme Courtroom,” wrote White Home spokesperson Kush Desai, forward of the oral arguments on the Supreme Courtroom.