Fox News Panics On Air after Trump’s Biggest Loss

21 Feb 2026 · 23 min · 12 chapters

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MeidasTouch Podcast Episode Summary

Episode Title

Fox News Panics On Air after Trump’s Biggest Loss

Episode Overview In this episode of the MeidasTouch Podcast, hosts Ben, Brett, and Jordy Meiselas discuss the fallout following Donald Trump’s defeat at the United States Supreme Court over his tariffs. The episode highlights the reactions of Fox News hosts and experts, revealing their panic and attempts to defend Trump’s actions.

Key Themes and Discussions

Supreme Court Decision

  • The Supreme Court ruled against Trump's tariffs, which were deemed unlawful.
  • Fox News hosts reacted with confusion and panic, trying to reconcile Trump’s loss with his image as a strong leader.

Fox News Response

  • Various hosts attempted to defend Trump, suggesting the ruling was politically motivated and questioning the legitimacy of the court.
  • Notable figures like Stephen Miller and Jesse Waters appeared on the network, making claims about the benefits of Trump’s tariffs despite the ruling.

Misleading Claims

  • Stephen Miller incorrectly claimed that Trump had reduced inflation, confusing GDP growth with inflation rates.
  • Jesse Waters questioned how Trump could be a dictator if he was following the court's orders, contradicting Ben's assertion that Trump had ignored the ruling.

Host Reactions and Analysis

  • Ben Meiselas scrutinized the Fox News coverage, highlighting inconsistencies and exaggerations in their defense of Trump.
  • He called out misleading claims about potential refunds for tariffs, asserting that such promises from Trump were untrustworthy.

Broader Implications

  • The episode discussed the economic implications of the tariffs, stating they caused inflation and economic uncertainty.
  • Democratic Senator Amy Klobuchar was quoted emphasizing the need for Trump to adhere to congressional powers regarding tariffs.

Key Takeaways

  • Panic at Fox News: The episode illustrates the chaos among Fox News hosts in light of the Supreme Court ruling against Trump.
  • Legal and Economic Misunderstandings: The hosts at Fox struggled to accurately present the legal and economic realities following the Supreme Court’s decision.
  • Role of Media: The episode critically examines the role of state media in shaping narratives and public perception during political crises.
  • Calls for Accountability: There are discussions around the need for accountability regarding the unlawful tariffs and the financial implications for American consumers.

Conclusion The episode highlights the tension between Trump's political narrative and the legal reality as dictated by the Supreme Court. The Meiselas brothers use humor and critical analysis to dissect Fox News' reaction, shedding light on the broader implications for American democracy and governance.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

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Fox News Panic Post-Supreme Court Ruling

2:21 to 4:35

An analysis of Fox News hosts' reactions to the Supreme Court's decision against Trump's tariffs.

“State regime media, which calls itself Fox News, has been panicking since the United States Supreme Court struck down Donald Trump's tariffs against the world.”

Exploring the Claims of Trump's Advisors

4:35 to 6:40

A look into statements made by Trump's advisors regarding tariffs and the Supreme Court ruling.

“He held one of the most deranged press conferences ever.”

The Impact of Tariffs on American Businesses

6:40 to 7:42

Discussing the implications of tariffs on the American economy and businesses.

“He said, actually, the Democrats fell right into a trap.”

Stephen Miller's Reactions and Future Plans

7:42 to 9:20

Stephen Miller discusses the future of tariffs following the Supreme Court ruling.

“Democrats don't even know it yet, but they just walked into a pretty big trap.”

Critique of Jesse Waters' Statements

9:20 to 14:02

Analyzing Jesse Waters' claims about tariffs and their historical context.

“IEPA, the president has authority to restrict, impede, deny, license, or even fully embargo any foreign trade.”

BRICS and Global Economic Partnerships

14:02 to 14:22

Learn about the growing influence of the BRICS nations and strategic alliances with other countries.

“We've got the BRICS block growing in power.”

Investigating Economic Policies

14:22 to 14:50

A discussion on the necessity of investigations into economic policies and tariffs.

“Who has to wait and then go and do an investigation and then come back?”

Tariffs and Economic National Security

14:50 to 15:12

Exploring the implications of tariffs on economic national security.

“This time, when you do an investigation, you might be able to target strategic industries and do carve outs like coffee or clothing, non national security related issues.”

Congress and Presidential Powers

15:12 to 16:18

Discussion on the balance of power between Congress and the President regarding tariffs.

“Then you had Democratic senator who's running for governor of Minnesota.”

Refunds and Economic Justice

16:18 to 16:54

The debate surrounding potential refunds for consumers affected by tariffs.

“Do you think that people need to get refunds?”
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The Misuse of the IEPA Statute

16:54 to 19:46

Examining the legality of the tariffs imposed under the IEPA statute.

“My hope is that that can go to individual consumers who ended up really paying for this because of the increased prices.”

Monica Crowley's Claims on Tariffs

19:46 to 21:06

Analysis of Monica Crowley's assertions regarding tariffs and their economic impact.

“It says, where a president declares that there is a national emergency, the president has the right to regulate imports and exports.”
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Transcript

Automatic transcript. May contain errors.

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2:21Ben Meiselas:State regime media, which calls itself Fox News, has been panicking since the United States Supreme Court struck down Donald Trump's tariffs against the world. Each host on state regime media behaving more ridiculous and pathetic than the next. They're bringing on people like Trump's trade representative, Jameson Greer, and Treasury Secretary Scott Besant. They are bringing on people like Stephen Miller. And it's a combination of attacking the Supreme Court and calling them illegitimate and under the influence of foreign powers, but then also saying, actually, IEPA, the U.S. unlawful declaration that we made to do tariffs against the world has been great.

3:08Ben Meiselas:Look how powerful we are. Stephen Miller says, we've brought inflation down to 1.4%. No, you didn't. Actually, the BCE is rising past 3%. I think you're confusing the fourth quarter GDP number, which was 1.4 % with inflation. You see, our GDP is going down and inflation is going up, Stephen Miller. Then you had people like Jesse Waters on state regime media saying, how could Donald Trump be a dictator when the United States Supreme Court ruled against him and Donald Trump is following the order of the Supreme Court? Actually, Donald Trump's not following the orders of the Supreme Court. He held a deranged press conference shortly after the Supreme Court struck down his tariffs against the world and said that he's going to make life so painful for Americans.

4:01Ben Meiselas:He got rid of the de minimis tariff exemption. So people who are purchasing goods of$800 or less are going to now suffer tariffs right now. Then Donald Trump did a unilateral 150-day 10 % tariff against the world in order to try to make the American people suffer even more. And then Donald Trump says he's going to potentially do embargoes against other countries if they want to go back on the fake trade deals that Donald Trump announced on social media. So actually, Jesse Water and state regime propagandists, Donald Trump's not following this Supreme Court ruling. He held one of the most deranged press conferences ever.

4:44Ben Meiselas:But, you know, this is an evidence-based network here at Midas Touch. So let me bring out the receipt one by one for you, shall we? First, let's bring in Jameson Greer. He's the U.S. trade representative. He was speaking with Brett Baer, and Baer says, do you regret using IEPA, the statute from 1977 that claimed gave you this emergency authority to do tariffs against the world? Do you regret that? And Jameson's like, no, we did the right move there. You did the right move by doing an unlawful tariff and now you owe refunds totaling about 175 billion dollars at least which by the way treasury secretary scott besant goes good luck trying to get that why would we give it back to you it's got like the bad guys like the villains in every superhero movie my gosh here's what jameson greer says let's play this clip you know to that point you mentioned aiba that's the emergency effort.

5:48Do you regret using IEPA if you had these other statutes already on the books and kind of ready to go? No, not not at all. And by the way, all of these options were presented to the president early on before he even started his second term. The reality is the president wanted to move quickly. He wanted to move flexibly. And most importantly, he was trying to respond to an emergency of our huge trade deficit we were left with under Biden. And so that's why he was using that. So it was an appropriate tool, was a necessary tool. Obviously, we disagree, along with three esteemed justices of the Supreme Court, on the result today.

6:25So we don't regret it. It helped us obtain tons of deals covering half of the world's population, opening up market access we haven't enjoyed for 30 years. And we have these agreements. And so we'll just use a different tool. Again, the tools may change, but the policy stays the same. And IEPA was part of that.

6:42Ben Meiselas:Now going to Jesse Waters. He said, actually, the Democrats fell right into a trap. He said, we're heading into the midterms. And now Donald Trump gets to issue refunds right before the midterms with his name on it. And the American people are going to be so thankful that Trump's name is going to be on tariff rebate checks. Ha ha ha, Newsom. Ha ha ha, Democrats, you fell right into the trap. What are y 'all talking about? First off, Donald Trump says he's not going to be giving refunds. He claimed he was giving tariff rebate checks, but that was a lie. Just like those dividend checks were a lie.

7:22Ben Meiselas:And just like it's a lie when he says for health care, he's going to replace Obamacare and the Obamacare subsidies by giving a$2 ,000 check. That seems to be Donald Trump's MO rather than solve the problems. He just comes up with$2 ,000 checks and then never actually gives it because he's a total con artist and a total fraud. Watch Jesse Waters here, though, play this clip. Democrats don't even know it yet, but they just walked into a pretty big trap. Newsom saying Americans should get a tariff refund. Donald Trump should return that money immediately. He has an obligation,$1 ,751 per family that were taxed by Donald Trump.

8:02Ben Meiselas:He took hundreds of billions of dollars from working folks, from the ag community, from small businesses, for this vanity play, this illegal action. And he finally was held to account. The rule of law won out. Tariff stimmy checks with Trump's name on it right before the midterms. I'm into it. And state regime media brings in the despicable individual, Stephen Miller. And Stephen Miller goes, as cowardly as the Supreme Court ruling was, here's the good news. We're going to come up with ways to make the tariffs even harder on the American people. I mean, these people are pure evil, right? Here, play this clip.

8:44But here's the good news, Laura. As cowardly, as horrendous as the Supreme Court ruling was, as poorly as it reflects on John Roberts' court and the continued torturing of our statutes and our Constitution, here's the good news. The court also affirmed the president has the authority under Section 301, Section 232, Section 122, Section 338, and many other provisions of federal law that the president can levy tariffs on foreign nations. So his program will not only be fully reconstituted, but it will be expanded. And one more point, Laura, the Supreme Court also affirmed that under IEPA, the president has authority to restrict, impede, deny, license, or even fully embargo any foreign trade.

9:32So the net result of all this is we're going to keep and grow the tariffs to bring back American manufacturing, which keeps prices low by incentivizing products to be made here in America. But it also means that President Trump has even more tools when it comes to dealing with foreign countries that undermine our security.

9:50Ben Meiselas:And that brings us to Greg Gutfeld. And Greg Gutfeld just basically starts cursing on air. He's like, for all of the people gloating, STFU, STFU, shut the F up, shut the F up. By the way, that's basically what Donald Trump was saying during his deranged press conference. Shut the F up, man. Shut the F up. It was really weird, his press conference here. Play this clip. And for the people that are gloating, they were probably the same people who backed the student loan bailout. You know, they could STFU. The Supreme Court pooped on that, but that didn't stop Biden, did it? Or how about the vaccine mandates?

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12:29Ben Meiselas:This is where Jesse Waters then says, how could Trump be a dictator when the Supreme Court rules against him and he follows the order? Jesse, he says he's not following the order. We saw the press conference earlier yesterday where he says he's not following the orders. Here, play this clip. I guess Trump's not a dictator anymore because the court ruled against him and he's going to do what they say. Carney in Canada, he doesn't have this issue. Ursula at the UU can hit us with tariffs and nothing stops her. Mexico can hit back fast. China can. They dump and tariff all day long. But the United States has to just sit there and take it.

13:08The president can't hit back fast. He has to guess which law to use. And if he retaliates too hard against Vietnam or Switzerland, these countries can hold firm because the court might strike them down.

13:23Ben Meiselas:Then Jesse Waters says, but these tariffs have been so amazing. That's how we got Greenland. that's how we got the Panama Canal we did this all we settled eight wars with the tariffs you didn't do any of those things what are you talking about he didn't settle eight wars the tariffs you know what the tariffs have done Jesse if we want to have an honest conversation about what the tariffs have done it caused the rest of the world to enter trade deals with each other and cut out the United States you've got Canada linking a trans-pacific partnership with a transatlantic partnership right now, completely outmaneuvering the United States.

14:02Ben Meiselas:We've got the BRICS block growing in power. You've got the European Union and making deals with India, actual deals. You've got Carney making deals and strategic partnerships with China. I mean, that's what you actually have going on here. But here, let's play this clip. Who has to wait and then go and do an investigation and then come back? This is what we need now. Not only this, he's now gotten the Panama Canal back from tariffs. He's brought Greenland back into our orbit and he's gotten NATO funding boosted from tariffs. Not to mention the fact that wars have been settled because of tariffs.

14:42This is what's going to happen. He's just going to reinstitute the same posture under a different code and they're going to go back to where they were. But the silver lining is you're right. This time, when you do an investigation, you might be able to target strategic industries and do carve outs like coffee or clothing, non national security related issues. And then you can still have a tariff regime that keeps in charge of economic national security. And we still have the justices invited to the state of the union. Well, that is most important. I mean, Greg, the justice's job is to.

15:16Ben Meiselas:Then you had Democratic senator who's running for governor of Minnesota. Amy, Senator Klobuchar was on state regime media. And here's how she described the situation to Brett Baer. It's actually nice to have someone speaking logically on state regime media. Let's play this clip. They say this is a powerful tool that the president used to move countries to do different things. You say he needs to work with Congress to get it done. Well, the Supreme Court has clearly ruled that he has to work with Congress, that Congress, as Justice Gorsuch pointed out a number of times in that oral argument, that Congress has the power to tax.

15:57And so, yes, he should work with Congress, but he also has to stop doing these things that are clearly illegal that then lead to complete chaos in the economy. And it's one of the reasons why people are so angry about what is going on right now. Do you think people will get refunds? Because costs have been going up for people, housing costs. Continue, Brett. I didn't hear the question. Oh, sorry. Do you think that people need to get refunds? There are some Democrats calling for refunds for the American people. Do you think they do? So it is very clear. They made this retroactive. They didn't say, oh, it's just going forward.

16:35So there will be people, there's a lot of importers in the U.S., that's the bulk of it, that have paid these tariffs. And I would think these small businesses that have sued, you know, a Utah fishing apparel company, a toy store in Pennsylvania, they are going to be going before the international court or some kind of body to get their money back. My hope is that that can go to individual consumers who ended up really paying for this because of the increased prices. But there will be major action on refunds. And, you know, I don't run that White House, but I would hope they would be making that process go as smoothly as possible because people will have a right to get their money back.

17:18There isn't a provision in the way the court did this and the president did express his anger about that. and I don't know how they could have suddenly come up with the process themselves where it says, hey, this is just going forward. It's not retroactive. I'm not sure they could do that under the law. The administration should have never used this IEPA statute. And I heard the ambassador say the president wanted to move quickly and that was the goal. But you want to do things legally or you're going to end up in a huge mess, which he has continued to have happened to him in various other realms throughout this administration.

17:52Ben Meiselas:Now back to Jesse Waters here. Jesse Waters says, I love refunds actually. So where's my refund check from the Somalians? Let's play it. But as long as we're playing along, I love the idea of a refund. Are we getting refund checks for the$9 billion the Somali stole? Because when there's fraud on my credit card, American Express pays me back. And then finally, they bring on Monica Crowley, who's like Donald Trump's ambassador of protocol, whatever the hell that means. She was previously a host on state regime media, right-wing propagandist. That gives you the ability to become an ambassador in the Trump regime or a secretary of defense in the Trump regime.

18:40Ben Meiselas:And here she talks about how she goes, the tariffs have generated nearly$270 billion for the federal government. And this has caused the deficits to be lower, our national debt to be lower, and for there to be economic growth and job creation. We are in a jobs recession right now. Economic growth is stagnant. The national debt is increasing. Deficits are not lower. You're just making things up. As Leslie Marshall says, the U.S. federal budget deficit stood at approximately$1.7 to$1.8 trillion over the past 12 months as early as 2026. The deficit reflects that the government expenditure,$7 trillion, continues to significantly outpace revenue, $5.2 trillion.

19:29Ben Meiselas:And now you owe a refund to people because you stole from them, right? Inherent in the Supreme Court's order that the IEPA tariffs are unlawful is that you stole money by unlawfully charging people tariffs. You tax people illegally, which is obvious if you just read IEPA from 1977. It says, where a president declares that there is a national emergency, the president has the right to regulate imports and exports. Nowhere in IEPA does it say the word tariffs at all. So you have to declare a valid emergency, national emergency. And then it talks about regulating imports and exports. Regulation is not tariffs.

20:16Ben Meiselas:That's not what it is. And the Supreme Court said that's not what it is anyway. Here's what Crowley had to say. Let's play this clip. It is ready to go. And Jesse, when you mentioned refund checks, over the last year, the calendar year 2025, President Trump's tariffs have generated nearly $270 billion for the federal government. And those returns are coming back to the American people. They're coming back in the form of lower deficits, an overall lower national debt as we proceed with this. And it's also generating tremendous economic growth. It's generating private job creation, and it's also generating a manufacturing boom.

20:59We started to see it in Trump's first term, And now we're seeing it on steroids. All right, Monica.

21:06Ben Meiselas:There you have it, folks. Let me know what you think. It's so utterly pathetic, isn't it? Well, hit subscribe. Let's get to 6 million. Thanks for watching. Thanks for watching. Be sure to add the Midas Touch podcast on Apple Podcasts, Spotify, or wherever you get your podcasts for new updates every single day.

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MeidasTouch host Ben Meiselas reports on Fox News losing all control following Donald Trump’s total and utter loss before the United States Supreme Court.

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