Karen Moscow
๐ค SpeakerAppearances Over Time
Podcast Appearances
All right, John, thank you.
Well, we turn to news out of Washington now, where President Trump's trade policy has been upended by the Supreme Court.
The White House is telling global partners to stick to their trade deals struck in recent months, despite the Supreme Court ruling.
Treasury Secretary Scott Besson said the president will be able to keep revenues flowing through a 15 percent global tariff under Section 122 of the Trade Act.
Treasury Secretary Besant was on Fox Sunday Morning Future.
Section 122 allows presidents to impose tariffs for up to 150 days to address, quote, large and serious U.S.
balance of payments deficits.
Many economists say the U.S.
does not face that issue.
Europe is also weighing in on the tariff ruling.
The EU now freezing approval of its trade deal with the U.S.
India is doing the same.
ECB President Christine Lagarde says it's important to have clarity.
Christine Lagarde appeared on CBS's Face the Nation, heard Sundays on Bloomberg Radio.
Right now, the U.K.
could be the biggest loser from President Trump's 15 percent global tariff and negotiated a 10 percent rate under its recent trade deal.
China, India and Brazil are likely to be the biggest winners.
Now we turn to the latest developments in the Middle East.
The U.S.
and Iran are set to resume nuclear talks in Geneva on Thursday.