Podcast discusses Trump tariff future after Supreme Court declares fees illegal
A podcast examines the implications of the U.S. Supreme Court ruling against Trump's tariffs and recent developments regarding trade policies.
The recent ruling by the United States Supreme Court declared significant tariffs imposed by former President Donald Trump as illegal due to lack of Congressional consultation. This ruling has led to a partial rollback of these tariffs, while Trump has since announced a new global surcharge that escalated from 10% to 15%. The decision intensifies the ongoing dispute between the Executive branch and the Judiciary, highlighting the contentious nature of Trump's trade policies.
Despite the ruling, not all tariffs from last year have been eliminated, as duties on materials such as steel, aluminum, and wood remain in effect. This indicates that Trump's trade measures have had a mixed legacy, with some tariffs still impacting various industries. Although Trump claimed these tariffs would boost the economy, the economic indicators suggest a deceleration, marked by a record trade deficit in 2025 and job losses in manufacturing sectors.
The podcast episode, airing on Monday, delves deeper into the repercussions of the Supreme Court's decision and the broader implications for U.S. trade. It examines the record collection from import taxes as well, posing questions about the real beneficiaries of these tariffs. Overall, this discussion sheds light on the ongoing debate regarding the effectiveness and legality of Trump's aggressive tariffs and their impact on the American economy and international trade relations.