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Chapter 1: What was the Supreme Court's ruling on Trump's tariffs?
The Opinions podcast from New York Times Opinion, bringing you a mix of conversations and new ideas. Featuring the voices of our writers and columnists. To me, the single most underestimated force in international relations is actually stupidity. Including... Jamel Bowie. Tressie McMillan Cottom.
Chapter 2: How did Trump respond to the Supreme Court's decision?
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From The New York Times, I'm Natalie Kittroweth.
Chapter 3: What are the immediate reactions from the White House?
This is The Daily. In the wake of the monumental Supreme Court ruling striking down President Trump's tariffs, the entire world is scrambling to understand what comes next. Will countries back away from the massive deals they made with Trump? Will companies get refunds for the billions they already spent on tariffs? And will Trump actually be constrained by any of this?
Chapter 4: How has the international community reacted to the tariff changes?
Today, my colleagues Tyler Pager, Anna Swanson, and Andrew Ross Sorkin explain. It's Monday, February 23rd. Tyler, you cover the White House. Andrew, you cover corporate America. Ana, you cover trade.
Chapter 5: What implications do the tariffs have for U.S. corporations?
Thank you all for joining me on this Sunday afternoon.
Thanks so much Natalie. Thanks for having us.
Yeah, glad to be here. So to catch us up from where we left things on Friday with the massive news that the Supreme Court had invalidated most of the administration's tariffs, we saw Trump respond first by putting in place a new 10 percent tariff on imports across the board and then jacking it up to 15 percent over the weekend.
Chapter 6: What are the potential long-term effects of the new tariff policies?
We're going to get into the specifics of that today. But just to start, what have the reactions been in the worlds that you all cover? Tyler, I want to start with you. Take us inside the reaction from the White House.
On Friday morning, the president was speaking to a group of governors in the East Room of the White House when Jameson Greer, the trade representative, handed him a note alerting him to the Supreme Court's decision.
Chapter 7: How might other countries respond to the new tariff landscape?
The president told the governors it was a disgrace. He lashed out at the Supreme Court and quickly wrapped up that meeting and left. And he was irate. He met with advisers, and then we saw that full-blown anger on display in the White House briefing room a few hours later. And for Trump, this wasn't just a political loss, but a personal one, too.
Chapter 8: What does the future hold for U.S.-China trade relations?
He has been obsessed with tariffs as an economic tool for decades, long before his political career. And so this felt like a real personal loss to something he deeply believes in.
And Ana, how has the international community responded?
So obviously this had been somewhat expected for other countries that were following the Supreme Court ruling, but it has still caused a lot of immediate doubt and confusion with countries that have been agonizing about these tariffs all year. So you had countries that had just finalized their trade deal the day before.
Now the underlying terms of trade, the tariffs that those deals are based on, are gone and replaced with something entirely different. And some of those countries have made concessions that are controversial with their own people. So this has just introduced a lot of uncertainty for the months to come. And Andrew, what about the corporate world?
The Trump administration's tariff effort is probably the most significant shift in global trade in decades, and really is the most important sort of rethink about how the United States trades with other countries, how US corporations operate in other countries, how international companies operate in our countries. I mean, it is everything.
I spent the weekend talking to business leaders and CEOs, many of whom really have re-scrambled their entire supply chains over the last six months, made commitments to bring manufacturing back to the United States, switched manufacturing plants from places like China to India to other places, thought that they had remapped what their true costs were going to be, and are now looking at this saying, oh my goodness, what comes next?
I think all of these companies are spending the weekend trying to think through all of this with a sense, though, that this is going to be a very long-term fight, whatever it is.
OK, so there's a lot of confusion with companies and countries trying to sort out what all this uncertainty means for them. Tyler, the administration has obviously been preparing for this moment for a while. It's been clear that the Supreme Court was skeptical of these tariffs long before the actual ruling. But the response from the White House has still seemed pretty chaotic.
First, the 10 percent, then the 15 percent. Do we have any idea what's behind that sense of chaos?
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