Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Jeff Guo

๐Ÿ‘ค Speaker
601 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

So if the Supreme Court would let the president use IEPA like he wanted to use it, he could create a bunch of tariffs with just the stroke of his pen.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

And now it seems like there really isn't any law that would give him that kind of power.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

He said Section 122.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Yes.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

So what what is going on?

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Kathleen says, yeah, welcome to Section 122.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Has a president ever used Section 122 to make tariffs?

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

But Kathleen says a lot of trade law professors have been expecting Trump to turn to this Section 122 law at some point.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

And there is a big caveat here, which is that tariffs created under Section 122, they are supposed to expire after 150 days.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

It sounds like law professors have already kind of had hypothetical fights about this hypothetical use of this law.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Now, for Cara Dyer, the business owner from earlier, who, by the way, sells toys, all of this tariff whiplash is so exhausting to think about.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

And she was hopeful that maybe China or the Chinese manufacturers she worked with would help chip in.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Kara ended up switching suppliers.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

But beyond that, Kara changed up her whole business, actually.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

She didn't order any large shipments because tariffs were so high and unpredictable that she thought they'd put her out of business.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

And when Cara tested out this set during her testing year, it did pretty well with customers.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

So before the Supreme Court decision, Cara had actually decided to finally put in an order for a big container full of these storybooks.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

It's her first big container since the tariffs first went into effect.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

But, of course, the roller coaster is not over.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Trump already announced today that new 10 percent tariff.