In this breaking-news episode recorded immediately after the Supreme Court's landmark 6-3 ruling striking down Trump's sweeping tariffs under IEEPA, Chuck Todd breaks down what he calls one of the most consequential decisions of the Trump era — and argues the Court did elected Republicans an enormous favor. Chief Justice Roberts, joined by Gorsuch, Barrett, and the three liberal justices, ruled that the 1977 emergency powers law "does not authorize the President to impose tariffs," leaving only Thomas, Alito, and Kavanaugh in dissent — a split Chuck argues should have been 9-0 given that the Constitution plainly gives Congress the power of the purse. He contends that the 6-3 margin is critical because it prevents Trump from framing the decision as a partisan attack, and gives congressional Republicans cover to move on from a policy that has devastated America's farm economy, spooked markets with uncertainty, and could now require the Treasury to refund an estimated $175 billion to importers. With Trump calling the ruling "a disgrace" and his State of the Union address just days away, Chuck notes the president has a lot of explaining to do — particularly since he could have sought tariff authority from Congress in the spring of 2025 when he had the political capital, but instead chose to go it alone through executive action. Trump, Chuck concludes, is a huge loser here, and the uncertainty is far from over.

Timeline:

00:00 Chuck Todd’s intro - Supreme Court strikes down Trump’s tariffs

00:45 SCOTUS did elected Republicans a favor

02:00 Trump doesn’t have the votes in congress to enact tariffs

03:00 There’s a ton of uncertainty coming from this ruling

04:45 Trump has a lot of explain to do at State of the Union

06:00 Alito & Thomas always side with Trump, Kavanaugh mostly

06:45 Congress has power of purse, ruling should have been 9-0

09:00 Supreme Court has given Republicans cover

10:15 Tariffs have been devastating to America’s farm economy

11:45 Markets face a ton of uncertainty

12:30 6-3 ruling means it won’t be viewed as a partisan decision

13:00 Trump is a huge loser here

14:30 Trump could have gotten tariff authority from congress in Spring ‘25