Morning Brew Daily Trump Battles Court’s Tariff Block & Home Sellers Outnumber Buyers?
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May 30, 2025 Neal and Toby dive into the legal tussles surrounding Trump's tariffs and their implications for trade policy. They discuss a surprising housing market where sellers outnumber buyers, yet prices remain stubbornly high. Costco's impressive earnings amidst rising costs showcase its stronghold on low pricing. The unique 'taco trade' strategy emerges as a witty jab at Trump's dealings, while concerns about America's startup scene loom due to changing international student policies. Lastly, United Airlines' return to JFK Airport adds a new twist in travel news.
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Spelling Bee Champion's Journey
- Faison Zaki, a 13-year-old from Texas, won the 100th Scripps National Spelling Bee with great confidence and focus.
- He prepared extensively, practicing 5-6 hours on weekdays and 7-8 hours on weekends with three coaches.
Tariff Pause and Legal Backlash
- Trump's tariffs were temporarily paused, but an appeals court quickly reversed that pause, leading to ongoing legal battles.
- This shows the complexity and uncertainty in U.S. trade policy under his administration.
Alternative Tariff Mechanisms
- The International Emergency Economic Powers Act can't be used to impose tariffs, but other statutes like Section 232 and Section 122 offer alternative tariff paths.
- These alternatives are more legally sound but slower and may require congressional approval.