SCOTUS Trump Wins & Stock Market Tariff Turbulence | 4.9.25

The Supreme Court hands President Trump two wins, one on deportation and another on downsizing the government. We are going to keep America safe and a liberal district judge is not going to stop us.
And that's what the Supreme Court ruled. What do the rulings mean for President Trump's agenda? I'm Daily Wire editor-in-chief John Bickley with Georgia Howe.
It's Wednesday, April 9th, and this is Morning Wire. As countries seek to talk tariffs with Trump, the stock market sees another turbulent day full of ups and downs.
The first shock is not always the end shock. There are aftershocks, as you saw today.
And Trump is set for nuclear negotiations with Iran, but warns that the regime may be in jeopardy if talks go south. Hopefully those talks will be successful, and I think it would be in Iran's best interest if they are successful.
Thanks for waking up with Morning Wire. Stay tuned.
We have the news you need to know. Did you know that Fast Growing Trees is the biggest online nursery in the U.S.
with thousands of different plants and over 2 million happy customers? This spring, they have the best deals for your yard, up to half off on select plants and other deals. And listeners to our show get 15% off their first purchase when using CodeWire at checkout.
That's an additional 15% off at FastGrowingTrees.com using CodeWire at checkout. That's Fast fastgrowingtrees.com code WIRE.
Now's the perfect time to plant. Use code WIRE to save today.
Offer is valid for a limited time. Terms and conditions may apply.
The Supreme Court on Monday cleared the way for the Trump administration to deport illegal alien gang members under a 1798 law. But the decision had both sides of the case claiming a victory.
Daily Wire reporter Tim Pierce is here to talk about what the Supreme Court's decision means, as well as a few other key rulings, eh, Tim? So first, why are both sides claiming victory after this deportation case? Well, both sides do have something to point to here as a win. So the Supreme Court ruled 5-4 that President Trump may use the 1789 Alien Enemies Act to deport gang members, the most important aspect of the ruling.
But the court also said those deportees have a right to due process. The Trump administration has taken the decision as a major victory.
Here's Homeland Security Secretary Kristi Noem on Monday. Today is a bad day to be a terrorist in the United States of America.
Today, the Supreme Court came out with a decision that reaffirmed President Trump was correct in using his authority on using the Alien Enemies Act to deport terrorists out of this country. Of course, it also has something for the illegal aliens who brought the case.
The justices unanimously agree that in each case, the alien has a right to have his deportation order reviewed by a judge. And what's the background of this case? Who brought this? The case was brought by a group of Venezuelan nationals.
They filed suit in the D.C. District Court, and the case filed to Judge James Boesberg.
He may already be familiar to many of our listeners. Boesberg put a freeze on not only the deportations of the plaintiffs, but any other

similarly impacted individuals as well. Another example of what Republicans have said is vast judicial overreach.
The Supreme Court took that case away from Boesburg because it said the lawsuit should have been filed in Texas, where the deportees were being held. Here's White House advisor Stephen Miller.
What does this mean for you and your family watching at home tonight? It means that the Department of Justice, FBI, DEA, ATF, the U.S. Marshals Service, Customs and Border Protection, Border Patrol, and Immigration and Customs Enforcement now have maximum authority to find and remove illegal alien gang members from Venezuela that have been responsible for so much misery in this country, for the torture and murder of Jocelyn Nunguri, for the brutal slaying of Lake and Riley.
Those monsters can now be hunted down and expelled from this country with speed, force and efficiency. Now, the high court did not rule on the constitutionality of using the Alien Enemies Act here.
And the justices said that the way the Trump administration had used the law was improper because aliens weren't given a chance to challenge their deportations. But regardless, the White House is still happy about the way the court decided.
Now, the White House has gotten a few other legal wins this week, one related to immigration again, and then another related to downsizing the federal government. Tell us about those cases.
Right. The immigration case related to a district court judge's deadline on the administration to return a misdeported Salvadoran national to the U.S.
Kilmer Abrego Garcia was mistakenly deported to El Salvador. He had previously said he would face violence if deported back to his home.
A judge had given the Trump administration until midnight on Monday to get him back to the U.S. The administration said that that timeline was impractical because of the jurisdictional issues now at play, and the Supreme Court decided with the administration.
So it still remains to be seen how this case will work out, but the High Court sided with the administration in this round. And then there's the downsizing the federal government case.
The Supreme Court knocked down a lower court order that blocked Trump from cutting 16,000 probationary workers from the federal government. That's a big legal win for Trump's push to reduce the size of the government.
So the federal government just got a little leaner. All in all, a solid couple of days for the Trump team in the courts.
Tim, thanks so much for joining us. Thanks for having me on.
What does the future hold for business? Ask nine experts, you'll get 10 different answers. Can someone please invent a crystal ball? Until then, over 41,000 businesses have future-proofed themselves with NetSuite by Oracle, bringing accounting, inventory, HR, and financial management into one platform.
With real-time insights, you're closing your books in days, not weeks. Here at The Daily Wire, we're proud to partner with NetSuite because they're leading the way.
Speaking of leading the way, download the CFO's guide to AI and machine learning at netsuite.com slash morningwire. This guide is free to you at netsuite.com slash morningwire.
Again, that's netsuite.com slash morningwire. One week after Liberation Day, President Trump is gearing up for formal tariff negotiations with trade partners, offering some optimism for consumers and markets.
Daily Wire senior editor Cabot Phillips has the latest. So Cabot, this remains the biggest story in the world for good reason.
And now it seems President Trump is moving fast on some of these potential deals. What are we seeing from Washington? Yeah, I've been the bearer of bad news lately, so it's nice to have some positive news here.
On Tuesday, the president announced major developments on a trade deal with South Korea, America's sixth largest trading partner. Writing on Truth Social, he said he just finished a, quote, great call with acting president Han Duk-su, adding that, quote, we have the confines and probability of a great deal for both countries.
Their top team is on a plane heading to the U.S. and things are looking good.
According to the South Korean government, in exchange for reduced tariffs, they're willing to import more American products, particularly natural gas. Likewise, the president said Japan, our fourth largest trading partner, is also sending a negotiating team to Washington.
They'll be meeting directly with Treasury Secretary Scott Besson. For his part, Besson expressed optimism outside the White House yesterday.
I think you're going to see a couple of big trading partners do deals very quickly. In the coming days, the Trump administration will also host representatives from Vietnam, our 10th largest trading partner.
And on April 17th, Italian Prime Minister Giorgio Maloney will visit the White House herself to negotiate on behalf of the European Union. All told, the White House says nearly 70 countries have now expressed a desire to negotiate.
But it seems clear Trump is prioritizing our biggest trading partners first. According to White House Press Secretary Caroline Levitt, as those talks kick off, we are the ones with the leverage.
The world knows that they need the United States of America. They need our markets.
They need our consumer. The president has a lot of leverage on his side because he has the best economy and the best country in the world that he leads.
He knows that. And it's about dang time we finally have a president who uses that economic leverage to benefit American workers.
Now, those seemingly imminent deals sparked optimism on Wall Street as markets jumped 3 to 4 percent Tuesday morning. But ultimately, that run was short-lived as the Dow, Nasdaq and S&P each began to slump around noon and ended the day in the red.
So a very short bounce. What drove that rise and then fall? Well, the main corporate appears to be China.
On Tuesday afternoon, it became clear that Beijing was prepared for a drawn-out trade war. Remember, while other countries responded to tariffs by seeking a deal, China went the other way, saying they would, quote, never accept such treatment and slapping additional 34% tariffs on U.S.
imports. They accused the White House of economic, quote, blackmail, and Trump responded with a 50% tariff on top of those already in place.
So starting at midnight last night, the Chinese began facing 104% tariffs on all goods coming to the U.S. It's not exactly breaking news that the U.S.
imports a lot of stuff from China, and the expected price increases on those goods is clearly spooking investors. In the meantime, the president said he will cease all negotiations with the Chinese until they make an offer.
According to Levitt, they can only hold out for so long. It was a mistake for China to retaliate.
When America is punched, he punches back harder. That's why there will be 104 percent tariffs going into effect on China tonight at midnight.

If China reaches out to make a deal, he'll be incredibly gracious.

Now, these tariffs were at the forefront in Congress yesterday.

What did we hear on the Hill?

Right.

So the Senate Finance Committee held a hearing yesterday where United States Trade Representative

Jameson Greer appeared before lawmakers to defend the president's trade agenda.

And it got heated.

Here's Virginia Senator Mark Warner, for example, grilling Greer on tariffs against Australia. Answer the question on Australia.
We have a trade surplus with Australia. We have a free trade agreement.
Why? They are an incredibly important national security partner. Why were they whacked with a tariff? We heard similar combative rhetoric from Bernie Sanders and Elizabeth Warren, but Greer stood his ground, assuring lawmakers that the stock market was far less important than America's working class.
Have we seen one of the worst drops in the stock market in over 35 years? I think it's something we'll move on. If you don't want.
I know everyone's concerned about Wall, and I'm just concerned about Main Street and getting these jobs back, sir. OK, let's talk about Main Street.
So Democrats pushing back on Trump's tariffs, but the White House making clear that they're standing firm. Well, let's hope some of these deals come through.
Cabot, thanks for reporting. My pleasure.
On Monday, President Trump announced that his administration will have top-level direct talks with officials from the Islamic Republic of Iran on Saturday. Daily Wire reporter Cassie Akiva is here with the latest.
Hey, Cassie. So what do we know so far about this upcoming meeting? Hi, John.
Well, we first heard word of this meeting during the president's meeting in the Oval Office with Israeli Prime Minister Benjamin Netanyahu. President Trump announced that he'd be open to talks with Iran on Saturday.
And if these talks do not go well, Trump said the Iranian regime will be in great danger. That's a direct quote.
Here are some of his comments. You know, it's not a complicated formula.
Iran cannot have a nuclear weapon. That's all there is.
We can't have it. Right now we have countries that have nuclear power that shouldn't have it, but sure we'll be able to negotiate out of that too as part of this later on down the line.
But Iran cannot have a nuclear weapon. And if the talks are successful, I actually think it'll be a very bad day for Iran.
Press Secretary Caroline Levitt echoed the president's comments on Tuesday during a press briefing. He's made it very clear to Iran they have a choice to make.
You can strike a deal with the president, you can negotiate, or there will be hell to pay. President Trump said the talks would be high-level indirect, but declined to say where they would take place.
However, Iranian Foreign Minister Abbas Iraqi later said the talks would take place in Oman and be indirect. He wrote in a post on X, quoting here, it is as much an opportunity as it is a test.
The ball is in America's court. And Iranian state-run media gave more alleged details.
They reported that the talks would be between Iraqi and U.S. presidential envoy Steve Whitcoff with Oman's Foreign minister Badr al-Busadi as a mediator.
Got it. So why now? Why are these talks happening now? And what is Trump's goal? Well, Trump was a huge critic of former President Obama's 2015 nuclear deal with the Iranian regime, and he got the U.S.
out of it in 2018 during his first term. Trump waged a maximum pressure campaign on Iran in hopes of curving both its nuclear program and its support for terror around the world.
Trump is making this deal now because Iran is getting close to being capable of producing a nuclear weapon. Yeah.
So Trump is threatening great danger like you highlighted if Iran doesn't agree to a deal now. Do we know what that might mean? What form that might take? Well, we know Trump.
It's not fully clear, which is probably part of the negotiating tactic. But Trump's a maximum leverage type negotiator, as we know.
He's had very strong rhetoric on Iran during this administration so far. And just last month, during a Fox News interview, he said that Iran could be handled militarily or through making a deal.
I would prefer to make a deal because I'm not looking to hurt Iran. They're great people.
I know so many Iranians from this country. I would rather negotiate a deal.
The time is coming up. Something's going to happen one way or the other.
I hope that Iran, and I've written him a letter saying, I hope you're going to negotiate because if we have to go in militarily, it's going to be a terrible thing for them. These threats come amid Trump taking military action on the Houthis, an Iranian proxy group that has been disrupting shipping in the Red Sea and attacking American ships.
Trump has been very clear that he blames Iran for Houthi aggression, as Iran is the financial backer of the group. Trump's defense secretary, Pete Hegseth, is also upping the pressure on the Houthis and Iran.
He said during

the meeting with Netanyahu that the attacks on the Houthis are about to get much worse.

We are not going to relent, and it's only to get more unrelenting until the Houthis declare they

will stop shooting at our ships. And we've been very clear, the Iranians as well.
They should not continue to provide support to the Houthis. And that message has been made

very clear. So clearly a unified message from the Trump administration

that aims to put maximum pressure on Iran ahead of the big meeting.

We'll see if that helps lead to some kind of deal as Trump is hoping for here.

Cassie, thanks so much for reporting. Thank you.

Thanks for waking up with us. We'll be back this afternoon with more news you need to know.