Anna Swanson
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah, it's been quite a ride over here in tariff land.
So last Friday, of course, while I was trying to be on vacation, the Supreme Court overturned the president's tariffs, which was
Just a really dramatic rebuke of a central policy for the president.
Trump, you know, then immediately replaced those old tariffs with a new 10 percent global tariff.
He has threatened to raise that to 15 percent, but that has not actually come to pass at this point.
So for now, it's 10 percent.
But that tariff has an expiration date.
It only lasts for 150 days without congressional approval, which seems kind of unlikely at this point with the midterms approaching and people concerned about tariffs increasing prices.
So the administration is working on a variety of other new tariffs that could come into effect potentially this summer to replace it.
So it's been a really dramatically shifting landscape for companies, you know, trying to figure out what these new tariffs could be.
And these terms of trade translate into a lot of money for them.
So they're watching it very closely, obviously.
Yeah, I think that is an insurance policy right now.
So you are seeing high profile companies like Costco, FedEx, you know, going to court to
sued to try to preserve a refund.
Of course, doing this brings you into the firing line for the Trump administration.
Companies are also kind of wary of raising their hand.
And, you know, someone was telling me being perceived as dancing on the grave of the Trump administration's
You know, tariff policy right after it has failed.
So there are upsides and downsides to this.