The Tariffs Were Illegal. You Paid Them. You're Not Getting a Refund.

The Tariffs Were Illegal. You Paid Them. You're Not Getting a Refund.

In February, the Supreme Court ruled Trump's tariffs illegal — all $166 billion of them. The refunds are flowing right now, with interest. But they're going to Walmart, Target, and the importers, not to you — even though the Fed's own research shows American consumers paid nearly all of it, about $1,000 per household. Nick breaks down the triple-charge: you paid the illegal tax at the register, corporations get your refund, and the prices companies raised 'because of tariffs' are never coming back down. Meanwhile, Trump's DOJ is in court fighting to keep as much of the money as possible — and a new 15% tariff already replaced the old one. Nobody in Washington is even pretending you should be made whole.

Trump's Iran MoU, the Venezuela Earthquakes, and Reflecting Pool Drama

Nick and Rick break down 10 days of chaos in American politics. They open on Trump's Iran deal: at Versailles during the G7 summit, Trump signed a 14-point memorandum of understanding with Iran's foreign minister — Strait of Hormuz reopens, sanctions lifted, $42 billion in frozen Iranian assets unfrozen, US forces removed from Iran's borders. Senators Cassidy and Tillis called it "the worst American foreign policy blunder in decades" — $100 billion spent, 13 Americans dead, two F-18s lost, and Iran got everything it wanted. The deal was already cracking by Friday: a cargo ship was hit on a UN-backed route in the Strait, Iranian drones struck Bahrain, and the US bombed Iran again — nine days after the "historic" peace deal. Then to Venezuela: twin 7.2 and 7.5 magnitude earthquakes struck the northern coast Wednesday, killing at least 235 with the USGS estimating the total death toll could exceed 10,000. Trump pledged $150 million in aid — his largest humanitarian response since dismantling USAID last year — while the Supreme Court the same day cleared the way to strip TPS from Haitians and Syrians, with the Congressional Hispanic Caucus demanding a halt to Venezuelan deportations during the active disaster. Plus VP JD Vance at the Richard Nixon Presidential Library on Thursday: "If Watergate happened tomorrow, it would be like a 12-hour news story. The idea that it would have taken down a presidency is crazy." Vance also compared himself to Nixon. Also covered: Trump canceled the signing of the bipartisan housing bill at the Capitol because the Senate hasn't passed the voter ID bill — with McConnell, Murkowski, Collins, and Cornyn openly questioning whether Trump is deliberately sabotaging his own party's majority; the NYT revealed Stephen Miller pushed to suspend habeas corpus for immigrants and Vance and Miller pushed to invoke the Insurrection Act after the Alex Pretti killing, both quashed by Staff Secretary Will Scharf; the Pentagon reversed Hegseth on the flu vaccine mandate after a Lackland Air Force Base outbreak sickened 275+ recruits and one trainee died; all three Mamdani-backed insurgent candidates won their NYC congressional primaries — Brad Lander beat Dan Goldman, Darializa Avila Chevalier beat 5-term Rep. Adriano Espaillat, and Claire Valdez won the Velázquez seat; Pete Buttigieg revealed on Substack that his 4-year-old twins were separated from him for 24 hours after a false CPS report he believes was politically motivated swatting; and STAT News reported a 79-year-old man with refractory obesity, sleep apnea, and pulmonary hypertension received compassionate-use access to Eli Lilly's experimental obesity drug retatrutide in April — Democratic senators are now formally asking the White House whether the patient is Trump. We close with the Lincoln Memorial Reflecting Pool: Trump's $16 million "American flag blue" renovation that turned green within 24 hours from algae, started peeling within 10 days, and which Trump is now blaming on a vandalism conspiracy — six arrested, including a former US Olympic canoeist who said he was detained for touching loose paint. And the Great American State Fair opened on the National Mall — Massachusetts brought only maple syrup, the Smithsonian Folklife Festival was displaced to make room, and Vanilla Ice is headlining.

What To Do With Graham Platner

Maine should be the easiest Democratic Senate pickup of 2026. Susan Collins is uniquely vulnerable, Trump has never won the state, and it’s a midterm with an unpopular Republican president. So why is it a nightmare? Nick endorsed Graham Platner early — an anti-PAC, Bernie-backed, working class Marine veteran running the exact campaign Democrats say they want. Then came the scandals. The Reddit posts. The tattoo. The sexting. The NYT relationship story. Nick goes through all of it honestly — what’s real, what’s overblown, and what’s genuinely troubling — and lands on the harder question: what do you do when the right candidate is the wrong guy, and the party that created this mess is now debating whether to help him win?

The Iran Deal, Explained

The Iran deal text is finally out — all 14 points. Nick reads every one of them, ranked from least to most egregious, so you can hear exactly what was traded away and what wasn't. Iran gets immediate oil exports, $24 billion in frozen assets with no restrictions on use, and a $300 billion reconstruction commitment — before a single nuclear concession is verified. The nuclear program? Still standing. Enrichment? Deferred. Hormuz? Toll-free for 60 days, after which Iran negotiates the fees. Trump called Obama a traitor for a deal that involved returning Iran's own money. He just signed something twice as expensive with fewer conditions. These are the receipts.

Trump's UFC Birthday, Elon Hits $1 Trillion, and Vance's Secret Situation Room Epstein Meetings

Nick and Rick break down a chaotic week in American politics — recorded as the UFC fight unfolds on the White House South Lawn. They open on Trump's 80th birthday UFC spectacle: seven mixed martial arts matches with 4,000 spectators, including 1,000 servicemembers required to attend in uniform on their own dime and meet a waist-to-height ratio standard, plus a 120,000-person fan fest at the Ellipse and a federal lawsuit that lost on Friday — and Trump joking he might never take "The Claw" cage down. Days before the fight, a massive "86 47" mural appeared etched into the National Mall grass. Then to the wealth milestone: Elon Musk became the world's first trillionaire after SpaceX's $1.77 trillion IPO — the largest in market history — pushing his net worth to roughly $1.1 trillion, nearly four times the next-richest person on Earth. And the bombshell from Haberman and Swan's forthcoming book "Regime Change": VP JD Vance and Chief of Staff Susie Wiles held secret Situation Room meetings without Trump's knowledge to contain the Epstein files fallout. Vance "appeared panicked" and floated a plan to have Tucker Carlson interview Ghislaine Maxwell in prison. Dan Bongino predicted Epstein would be "Trump's Iran-Contra." Trump has now launched a "massive" leak hunt to find the source. Also covered: the US struck Iran's drinking water reservoirs in Hormozgan after Iran shot down a US Apache, with Defense Secretary Hegseth dismissing questions about civilian infrastructure as "disingenuous"; FISA Section 702 expired for the first time since 2008 after Democrats refused to reauthorize warrantless foreign surveillance under acting DNI Bill Pulte — Trump then nominated SDNY US Attorney Jay Clayton as permanent DNI; Sen. Rand Paul released documents showing Fauci's NIH ties to the intelligence community date to 2003 and how he coordinated lab-leak pushback with the NSC; the US government ordered Anthropic to pull its Fable 5 and Mythos 5 AI models globally — the first time the government has recalled an LLM, with Anthropic publicly disagreeing; a court forced Trump's name removed from the Kennedy Center facade in an overnight removal; the US killed Tren de Aragua leader Niño Guerrero in a joint operation with the Venezuelan government; Graham Platner won the Maine Democratic Senate primary as expected, and Trump-endorsed Pamela Evette crushed Nancy Mace in the South Carolina governor primary. We close with Spencer Pratt's unhinged concession in the LA mayor race — calling Bass and Raman "dumb and dumber" and "corrupt communists," vowing FBI raids, claiming secret recordings — and Trump backing his "Rigged Elections!" fraud claims.