The MeidasTouch Podcast Governor Newsom On Courts Blocking Trump Tariffs
May 29, 2025
Gavin Newsom, the Governor of California, shares insights into Trump's significant court losses regarding unilateral tariffs. He discusses the legal implications and economic aftermath facing California's small businesses and job markets. Newsom highlights the need for accountability among Republican lawmakers who remain silent about these tariffs despite their negative effects. He also touches on the relationship between Trump's rhetoric and market stability, emphasizing the potential repercussions for the economy both domestically and internationally.
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Courts Block Trump's Tariffs
- Federal courts unanimously ruled Trump's tariffs unlawful under the International Economic Emergency Powers Act.
- This decision brings relief to small businesses devastated by unilateral tariff policies.
Small Business Tariff Struggles
- A small business owner feared losing her home due to tariff costs after landing big retail deals.
- Another family business is struggling to afford tariffs on a shipment of goods from China.
Republican Silence on Tariffs
- Republican lawmakers largely remain silent despite opposing Trump's tariffs.
- Political complacency has allowed unchecked executive overreach in trade policy.