Earlier this week, the U.S. Court of International Trade ruled the tariffs were illegal. Yesterday, a second court followed suit.

There is no other way to say it: liberal judges are waging unrestricted lawfare against President Trump.

First, they protected illegal immigrants from deportation—sheltering criminals from justice.

Now, they’re protecting foreign governments and multinational corporations from President Trump’s tariffs.

This is not surprising. Wall Street is waging total warfare against President Trump. Why? Because Wall Street profits tremendously from the trade deficit—to the tune of over $1.2 trillion per year. If President Trump is successful, this gravy train comes to an end.

How Wall Street Sold America for [$25 Trillion] Pieces of Silver

America has run a chronic trade deficit every year since 1974. The total cumulative value of this trade deficit (adjusted for inflation) is over $25 trillion.

In other words, Americans bought $25 trillion more than they sold. Of course, we didn’t get the goods for free—we still had to pay for them. How? By selling assets and debt.

An asset is something that we made in the past that still retains value.

A good example of an asset is a house. The production of a house made in 1974 would have contributed to America’s GDP in 1973, but not today. However, the house—and the land—retains value and can be sold in the current year to buy foreign products. This sale would not count towards America’s GDP, nor would it factor into the trade deficit, but it does balance the payment.

Like the Canarsee, America trades assets—everything from Iowa’s best farmland to shares in New York’s largest companies—each year to pay for our trade deficit. For example, in 2024, foreigners bought an estimated $42 billion of residential real estate, $8 billion of agricultural land, and $12 billion of commercial real estate.

Needless to say, this buying pressure raises real estate prices. This benefits those with exposure to the market—primarily institutional real estate investors—at the expense of Americans struggling to afford rent or mortgages.

In addition to real estate, Americans also sell ownership of their businesses. As of June 2023, foreign investors own some 17 percent of all American equities. This inflates the stock market by guaranteeing buying pressure—again, benefiting Wall Street. The stock market balloons while factories and jobs vanish on Main Street.

Ownership of American businesses has other dire consequences, such as giving foreign governments direct access to key technologies. This perpetuates the massive theft of American intellectual property, which is estimated to cost America up to $150 billion every year.

Americans also sell debt to pay for the trade deficit.

This is like buying groceries on a credit card, except on a national scale. For example, foreigners own some $8.67 trillion of U.S. Treasury securities, accounting for 24 percent of the public debt. Furthermore, America’s corporate and household debt has ballooned since 1973 to the highest levels since World War II.

Debt is especially dangerous because we must repay both the principal and the interest. This inflates the cost of buying foreign products in a way that most economists fail to appreciate.

Consider that in 2006, America became a debtor nation for the first time since the Great Depression. As a result, we are now paying over $150 billion in interest every year to foreign entities for the privilege of buying the products we should be building.

Given the massive profits that Wall Street earns by selling out America, is it any wonder they’re funding litigation to stop President Trump’s tariffs?

The President needs to stand firm. Remember, tariffs are the time-tested solution that was supported by America’s most successful presidents, from George Washington to Abraham Lincoln to Donald Trump.

Tariffs will reshore American industry and shift our economy from consumption to production, protecting our economy, our industry, and our national security.

Most importantly, tariffs will make it harder for Wall Street to betray the American people.