Start Here Trump’s Tariffs Are on the Brink
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May 30, 2025 Stephen Portnoy, ABC's national correspondent, dives into the turbulent world of Trump's tariffs, discussing a recent court's ruling that threatens their future. He highlights the market's reaction and the implications on trade relations. The conversation also touches on Harvard's legal victory protecting international students amidst ongoing political tensions, and the challenges faced by these students. Additionally, the podcast explores the controversial debate surrounding transgender athletes in California, emphasizing the complexities of identity and fairness in sports.
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Courts Limit Trump's Tariff Powers
- Courts ruled President Trump exceeded his authority by imposing sweeping tariffs using emergency powers.
- The Constitution assigns taxing and tariff powers exclusively to Congress, not the President.
Appeals Court Pauses Tariff Rollback
- An appeals court temporarily paused the rollback of Trump's tariffs to review legal arguments.
- This keeps tariffs in effect temporarily while the legal process continues.
Tariffs Central to Trade Strategy
- The Trump administration argues tariffs are vital to trade negotiations and will appeal to the Supreme Court.
- The legal battle centers on whether emergency powers include imposing tariffs to rebalance trade.