Marketplace All-in-One Are Trump's "reciprocal" tariffs legal or not?
Nov 3, 2025
Shoshana Walter, an investigative reporter and author, sheds light on the troubling realities of the U.S. rehab industry, revealing a $53 billion system rife with disparities. She highlights how higher costs and repeat treatments create perverse incentives. William Lee Adams discusses BP's significant $1.5 billion sale of U.S. onshore assets amid efforts to cut debt and the potential repercussions of Exxon's threat to exit Europe due to stringent supply-chain laws. The interplay of tariffs and their legal implications is also dissected, raising questions about future economic policies.
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Supreme Court Tests Emergency Tariff Power
- The Supreme Court is hearing whether Trump's use of emergency authority to impose reciprocal tariffs is legal.
- If struck down, administrations can still pursue tariffs through other statutory or congressional routes.
Prepare Legal Backup Plans For Tariffs
- Use other legal pathways if the emergency route fails, like Section 122 or Section 338 or congressional action.
- Policymakers should prepare fallback statutory or legislative mechanisms to impose tariffs if needed.
Tariffs As A Growing Revenue Stream
- Tariffs function primarily as an import tax and a revenue source, not just a tool to fix trade imbalances.
- The administration has increasingly leaned on tariff revenue even while cutting other taxes.
