Marketplace Morning Report Some of Trump's tariffs in limbo
Sep 2, 2025
A recent federal appeals court ruling has put many Trump-era tariffs on hold, creating uncertainty ahead of a possible Supreme Court appeal. Meanwhile, American soybean farmers face challenges as international buyers, particularly from China, reduce their purchases. This could lead to increased competition and lower prices. Additionally, new caps on federal student loan borrowing are set to complicate financial planning for college students, especially those in expensive fields like law and medicine.
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Court Limits Presidential Tariff Power
- The Federal Circuit ruled the president lacked broad authority to impose import taxes via the International Emergency Economic Powers Act.
- That decision puts many Trump-era reciprocal and fentanyl-related tariffs in legal limbo pending appeals.
Some Tariffs Remain Untouched
- Not all Trump-era tariffs are affected because the president used other distinct authorities for some measures.
- Tariffs on steel, aluminum and automobiles imposed under different statutes remain in effect.
Farmer: Crop Good But Buyers Missing
- North Dakota soybean farmer Josh Gackle says the crop looks good but buyers are scarce due to lost markets like China.
- Exporters' lack of markets trickles down to local grain elevators and railroads in the Midwest.