Marketplace All-in-One

Trump's tariffs get their day in court

Nov 5, 2025
Mitchell Hartman, a Marketplace reporter focused on the auto industry, dives into critical discussions surrounding tariffs and their legal implications. He highlights the Supreme Court's upcoming hearing on President Trump's use of emergency powers to impose tariffs. Hartman also analyzes the impact of the recent end of EV subsidies, revealing a significant drop in vehicle sales and the market's shift towards higher EV prices. He sheds light on the competitive landscape, especially Tesla's challenges in international markets amid rising competition.
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INSIGHT

Court Will Decide If IEPA Covers Tariffs

  • The Supreme Court is hearing whether Trump used the 1977 International Emergency Economic Powers Act to lawfully impose tariffs.
  • Plaintiffs argue the IEPA doesn't mention tariffs and that tariffs are effectively taxes reserved for Congress.
ANECDOTE

Toy Company Suing Over Crushing Tariffs

  • Learning Resources, an Illinois toy company, says tariffs pushed it toward bankruptcy by raising import taxes from about $2 million to $100 million.
  • The company is a lead plaintiff challenging the tariffs' legality in court.
INSIGHT

Administration Claims Broad Foreign Affairs Authority

  • The Trump administration argues the IEPA gives broad emergency powers because trade deficits can implicate national security.
  • They also argue courts and Congress should defer to the president on foreign affairs, which could include tariffs.
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