Alex Frangos

Yeah, well, he's basically figuring out how can he reestablish a blanket of tariffs on lots of countries around the world after the Supreme Court ruling.

said he can't do it the way he was doing it.

So there's all these other laws with numbers that readers and listeners are gonna start to get familiar with, 301 and 232, which are different parts of the federal statutes that give the president the power to impose tariffs.

And so he's added a whole bunch of new industries

to these 232 national security tariffs.

And the way that tariff works is that the government has to do an investigation over a number of months to establish that there's a national security threat before they can impose actual tariffs on them.

So he's trying to figure out a way to like fill in all the gaps that the Supreme Court ruling has left in his tariff policy.

So, I mean, you have this kind of change in tariff regimes where the old tariffs, they're going to stop collecting.

There's now new tariffs that come into effect.

And then businesses are saying, wait a second, we paid like over $100 billion worth of tariffs last year.

that have been invalidated by the Supreme Court.

We'd like that money back.

So FedEx filed a lawsuit.

There's Costco, a bunch of other companies as well that are like, hey, Supreme Court says we don't have to pay this.

Can we have our money back?

I mean, we were taxed illegally and we would like that back.

That obviously has big implications for the federal government because that money is needed for spending, for paying down debt, things like that.

So there's just like lots of action going on.

Yeah, I mean, there's a bunch of different things you can look at.

If you look at the job market, job growth has been much slower than it was before the president took office, but it's historically at a reasonably low level.