Ian Millhiser

Yeah. So there is this court called the U.S. Court of International Trade, which it is a federal court that hears disputes arising out of America's trade laws.

Yeah. So there is this court called the U.S. Court of International Trade, which it is a federal court that hears disputes arising out of America's trade laws.

And the biggest trade story, I mean, maybe of the last 30 or 40 years is Donald Trump's tariffs and whether the president has the power to essentially impose enormous new taxes on imports that are expected to drive up the price of goods for every American. I listened to the oral argument yesterday in the trade court.

And the biggest trade story, I mean, maybe of the last 30 or 40 years is Donald Trump's tariffs and whether the president has the power to essentially impose enormous new taxes on imports that are expected to drive up the price of goods for every American. I listened to the oral argument yesterday in the trade court.

And the biggest trade story, I mean, maybe of the last 30 or 40 years is Donald Trump's tariffs and whether the president has the power to essentially impose enormous new taxes on imports that are expected to drive up the price of goods for every American. I listened to the oral argument yesterday in the trade court.

And while I'm not certain what's going to happen, what I heard is three judges that sounded really skeptical of the tariffs. And so I think it is more likely than not that we're going to get a court order pretty soon, which could make the tariffs go away.

And while I'm not certain what's going to happen, what I heard is three judges that sounded really skeptical of the tariffs. And so I think it is more likely than not that we're going to get a court order pretty soon, which could make the tariffs go away.

And while I'm not certain what's going to happen, what I heard is three judges that sounded really skeptical of the tariffs. And so I think it is more likely than not that we're going to get a court order pretty soon, which could make the tariffs go away.

So the case is called VOS Selections versus Trump. VOS Selections is just a liquor and wine importer. They import Italian wines and various bottles from other countries. And so obviously, whenever they bring a bottle into the country, they have to pay the tariff, and that's not good for their business. And then there are four or five other businesses who've signed on with plaintiffs.

So the case is called VOS Selections versus Trump. VOS Selections is just a liquor and wine importer. They import Italian wines and various bottles from other countries. And so obviously, whenever they bring a bottle into the country, they have to pay the tariff, and that's not good for their business. And then there are four or five other businesses who've signed on with plaintiffs.

So the case is called VOS Selections versus Trump. VOS Selections is just a liquor and wine importer. They import Italian wines and various bottles from other countries. And so obviously, whenever they bring a bottle into the country, they have to pay the tariff, and that's not good for their business. And then there are four or five other businesses who've signed on with plaintiffs.

And it's a similar story with all of them. One's like a bicycling company. One makes like electronic products. And they have to import some of their components. And so they're paying tariffs on these components that they're getting overseas. And they don't want to pay that tax. So they're just in court saying, look, these taxes are illegal. We shouldn't have to pay.

And it's a similar story with all of them. One's like a bicycling company. One makes like electronic products. And they have to import some of their components. And so they're paying tariffs on these components that they're getting overseas. And they don't want to pay that tax. So they're just in court saying, look, these taxes are illegal. We shouldn't have to pay.

And it's a similar story with all of them. One's like a bicycling company. One makes like electronic products. And they have to import some of their components. And so they're paying tariffs on these components that they're getting overseas. And they don't want to pay that tax. So they're just in court saying, look, these taxes are illegal. We shouldn't have to pay.

So the statute, the federal law that Trump relied on when he put the tariffs in place, it's called the International Emergency Economic Powers Act. And the key word there is emergency. Emergency.

So the statute, the federal law that Trump relied on when he put the tariffs in place, it's called the International Emergency Economic Powers Act. And the key word there is emergency. Emergency.

So the statute, the federal law that Trump relied on when he put the tariffs in place, it's called the International Emergency Economic Powers Act. And the key word there is emergency. Emergency.

The statute says that Trump is allowed, does have sweeping power to regulate the importing of foreign goods, but only when there is, and this is the language that the statute uses, an unusual or extraordinary threat to which a national emergency has been declared. Much of the argument yesterday focused on what those words unusual and extraordinary threat is.

The statute says that Trump is allowed, does have sweeping power to regulate the importing of foreign goods, but only when there is, and this is the language that the statute uses, an unusual or extraordinary threat to which a national emergency has been declared. Much of the argument yesterday focused on what those words unusual and extraordinary threat is.

The statute says that Trump is allowed, does have sweeping power to regulate the importing of foreign goods, but only when there is, and this is the language that the statute uses, an unusual or extraordinary threat to which a national emergency has been declared. Much of the argument yesterday focused on what those words unusual and extraordinary threat is.