Tariff Turbulence and Alibaba's Ascent

This chapter explores the surge in Alibaba's stock driven by unexpected cloud revenue growth, alongside the implications of a federal appeals court ruling that challenges the legality of Trump's tariffs. It examines the complexities of presidential authority under the International Emergency Economic Powers Act and the ongoing debate over congressional oversight. Legal experts weigh in on the potential outcomes of the Supreme Court's review of the case, raising concerns about the implications of emergency powers and the future enforcement of these tariffs.