Commerce Secretary Howard Lutnick appears on NewsMax to discuss his perspective on the Supreme Court oral arguments surrounding the legal challenges to President Trump’s tariff authority.
Secretary Lutnick attended the court arguments today and is very optimistic about the outcome of the arguments. WATCH:
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Today, the Dept of Justice Solicitor General Dean John Sauer provided oral arguments to the Supreme Court in support of President Donald Trump’s tariff authority. The issue at the heart of the matter is the International Emergency Economic Powers Act (IEEPA), which grants the president the power to levy tariffs.
Chief Justice John Roberts and Justice Sonia Sotomayor, leaned heavily on the argument that tariffs are taxes against the American people, and all taxes must come from Congress. The ‘tariffs are taxes’ argument seems to be the linchpin for the leftists on the court and the Gorsuch ‘conservatives’.
Solicitor Sauer countered the IEEPA tariffs are “regulations” against foreign imported goods. “The power to impose tariffs is a core application of the power to regulate foreign commerce, which is what the phrase ‘regular importation of commerce’ in IEEPA naturally evokes,” Sauer said.
The full audio of the arguments is provided below. (I’m working on the transcript). WATCH (prompted):
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President Trump posted the importance of the Supreme Court case to support presidential authority on Tariffs.
The heart of the argument really is the “trillions at stake” aspect we have discussed on these pages for the past ten years. If the institutions of our government factually want to dispatch President Trump and diminish the American middle-class, the Supreme Court will support the multinational corporations and Wall Street in decision to remove presidential tariff authority.
[Via Truth Social] – “Next week’s Case on Tariffs is one of the most important in the History of the Country. If a President is not allowed to use Tariffs, we will be at a major disadvantage against all other Countries throughout the World, especially the “Majors.” In a true sense, we would be defenseless! Tariffs have brought us Great Wealth and National Security in the nine months that I have had the Honor to serve as President. The Stock Market has hit All Time Highs many times during my short time in Office, with virtually No Inflation, and National Security that is second to none.
Our recent successful negotiation with China, and many others, put us in a strong position only because we had Tariffs with which to negotiate fair and sustainable Deals. If a President was not able to quickly and nimbly use the power of Tariffs, we would be defenseless, leading perhaps even to the ruination of our Nation. The only people fighting us are Foreign Countries who for years have taken advantage of us, those who hate our Country and, the Democrats, because our numbers are insurmountably good.
I will not be going to the Court on Wednesday in that I do not want to distract from the importance of this Decision. It will be, in my opinion, one of the most important and consequential Decisions ever made by the United States Supreme Court. If we win, we will be the Richest, Most Secure Country anywhere in the World, BY FAR. If we lose, our Country could be reduced to almost Third World status — Pray to God that that doesn’t happen!”
President Donald J Trump – Nov 02, 2025, 6:54 PM
On Friday President Trump noted (off-the-cuff) he was ambivalent to the trade interests of Canada and had no intention to restart discussions. However, Trump also said he holds no personal animosity toward Canadian Prime Minister Mark Carney for the stupid and antagonistic move they made in purchasing a manipulative television ad intended to undermine the Trump trade position.
On Saturday, Prime Minister Mark Carney confirmed he did apologize to President Trump for the Canadian effort.
GYEONGJU, South Korea, Nov 1 (Reuters) – Canadian Prime Minister Mark Carney said on Saturday he had apologised to U.S. President Donald Trump over an anti-tariff political advertisement and had told Ontario Premier Doug Ford not to run it.
Carney, speaking to reporters after attending an Asia-Pacific summit in South Korea, said he had made the apology privately to Trump when they both attended a dinner hosted by South Korea’s president on Wednesday.
“I did apologise to the president,” Carney said, confirming comments by Trump made on Friday.
Secretary of Treasury Scott Bessent appears on Fox News with Maria Bartiromo to discuss the Asia tour by President Trump and the trade delegation that culminated with a lengthy meeting between President Trump and Chairman Xi Jinping.
By locking down trade agreements with Australia, Malaysia, Cambodia, Vietnam, Philippines, Thailand, Japan and South Korea in advance of the meeting with Xi, President Trump had effectively boxed out the maneuvers of Beijing and isolated any contravening strategy.
Chairman Xi was facing a U.S. strategic trade reset with multiple options for replacement of Chinese goods and resources. As a result, the Beijing trade delegation recognized President Trump had effectively neutered the scale of their economic power and influence over the U.S. economy. Instead, the best play for big panda was to shake hands and come to agreeable terms. WATCH:
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Playing into President Trump’s hands was/is the strains currently ongoing within the Chinese domestic economy. Further friction against the USA would have weakened Chairman Xi domestically.
The missing piece of the puzzle is now Russia.
President Trump recapped the trip to both ASEAN and APEC conferences, along with the substantial trade agreements that took place with various nations. One of the key points of inquiry was the meeting between President Donald Trump and Chinese Chairman Xi Jinping.
President Trump released a recap via Truth Social (below video):
President Trump – “I had a truly great meeting with President Xi of China. There is enormous respect between our two Countries, and that will only be enhanced with what just took place. We agreed on many things, with others, even of high importance, being very close to resolved. I was extremely honored by the fact that President Xi authorized China to begin the purchase of massive amounts of Soybeans, Sorghum, and other Farm products. Our Farmers will be very happy! In fact, as I said once before during my first Administration, Farmers should immediately go out and buy more land and larger tractors.
I would like to thank President Xi for this! Additionally, China has agreed to continue the flow of Rare Earth, Critical Minerals, Magnets, etc., openly and freely. Very significantly, China has strongly stated that they will work diligently with us to stop the flow of Fentanyl into our Country. They will help us end the Fentanyl Crisis. China also agreed that they will begin the process of purchasing American Energy. In fact, a very large scale transaction may take place concerning the purchase of Oil and Gas from the Great State of Alaska. Chris Wright, Doug Burgum, and our respective Energy teams will be meeting to see if such an Energy Deal can be worked out.
The agreements reached today will deliver Prosperity and Security to millions of Americans. After this Historic trip to Asia, I am now heading back to Washington, D.C. I want to thank the Great Countries of Malaysia, Japan, and South Korea for being so generous, gracious, and hospitable — Also, Australia, Canada, New Zealand, Singapore, Thailand, and Vietnam, who were at the Dinner last night hosted by His Excellency Lee Jae Myung. Hundreds of Billions of Dollars are being brought into our Country because of them. Our Nation is Strong, Respected, and Admired. Again and, THE BEST IS YET TO COME!”
President Trump will be meeting with Chinese Chairman Xi Jinping on the sidelines of the summit in South Korea. The meeting was initially scheduled for an hour, but White House officials extended that anticipated schedule to 3 hours in advance of Xi’s arrival.
The stakes are very high as both leaders are at a key moment in the relationship between the USA and China. Global and financial interests in the outcome are extensive, and the world is awaiting to see indications of their ongoing trade discussions. Livestream Links are Below:
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President Trump participates in a dinner hosted by Lee Jae-myung, the President of the Republic of Korea.
PRESIDENT TRUMP – South Korea has agreed to pay the USA 350 Billion Dollars for a lowering of the Tariff’s charged against them by the United States. Additionally, they have agreed to buy our Oil and Gas in vast quantities, and investments into our Country by wealthy South Korean Companies and Businessmen will exceed 600 Billion Dollars. Our Military Alliance is stronger than ever before and, based on that, I have given them approval to build a Nuclear Powered Submarine, rather than the old fashioned, and far less nimble, diesel powered Submarines that they have now. A great trip, with a great President of South Korea! (link)
President Trump arrives in South Korea to attend trade discussions and the APEC summit.
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For those who have followed along with the U.S-Canada trade positioning, the current status of conflict between the Trump administration and the government of Canada is not surprising. {GO DEEP} Going all the way back to the replacement of NAFTA, with the USMCA, President Trump always said he did not favor multilateral trade deals with multiple countries; instead, he preferred bilateral free trade agreements.
Some people have construed the bilateral preference of President Trump to be the elimination of globalism in favor of nationalism in trade agreements.
While the outcome of the Trump approach indeed aligns with that theme, it is not specifically the objective of President Trump to eliminate global trade, but rather to focus on specific interests in trade that benefit the unique nature of each party involved.
As a result, the USMCA -or CUSMA as said in Canada- is not in alignment with a bilateral free trade agreement, and the conflicted differences between trade with Mexico and trade with Canada are an outcome of this dynamic. The solution is simply to eliminate the multilateral in favor of the bilateral approach. This is the objective of President Trump as expressed.
That said, the USMCA covers approximately 60% of U.S-Canada trade, and the remaining 40% is being debated and argued. President Trump would prefer to just deal with 100% of the trade sectors in one free trade agreement; hence, his ambivalence until the USMCA is dissolved.
Canada, on the other hand, continues to demand that all trade conflicts be resolved without opening up the entire USMCA. Again, another conflict. Canada is like the dependent spouse in a divorce arguing for child support payments when the “children” are in their twenties.
The current status is President Trump pulling back completely from discussions with Canada, while the various provincial Premiers and Prime Minister Mark Carney antagonize over the issue.
At a certain point, when the entire national economic plan of Canada is based on “Donald Trump bad”, and all political messaging internally is to proclaim they have no alternative policy positions, the Canadians might not realize it, but they are confirming complete and total dependency on the nation Donald Trump represents.