Are Trump's tariffs legal?

Marketplace All-in-One

Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 28 July 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over the weekend, President Trump announced a new trade deal with the EU: 15% tariffs on most goods in exchange for the EU’s promise to purchase U.S. energy. But a court case brought by a group of small businesses could derail Trump’s tariff agenda. We’ll explain what’s at stake. Plus, a reminder to get outside and enjoy what nature has to offer. (But stay cool!)

Here’s everything we talked about today:

"EU-US tariffs: five key takeaways from the trade deal" from The Guardian
"US and EU reach tariff agreement" from “Marketplace Morning Report”
"EU's pledge for $250 billion of US energy imports is delusional" from Reuters
"Japan Expects Only 1-2% of $550 Billion US Fund to Be Investment" from Bloomberg
"Trump's economy faces historic week on interest rates, trade, jobs and more" from Axios
"Trump's trade deals and tariffs are on the chopping block in court. What happens next" from CNBC
"Texas buys land for new state parks that will be developed using $1 billion voter-approved fund" from The Texas Tribune
"A 100-year-old on a bike? Yes. ‘The right to wind in your hair’" from The Washington Post

We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email [email protected].

Transcript

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1:04.3	Hey, everyone. I'm Rima G-Rais.
1:08.7	Welcome back to Make Me Smart, where we make today make sense.
1:12.4	And I'm Kimberly Adams, joining you all from Aspen, Colorado today. It is Monday, July the 28th.
1:19.0	Yeah, I'm here for a conference. It is so pretty here. And it's been like really inspiring,
1:26.0	talking to lots of cool people.
1:28.6	But anyway, it's a news and smiles kind of day.
1:31.6	So let's start with the news.
1:34.1	I know our stories are kind of tied together.
1:37.3	And so, of course, as you may have heard over the weekend, especially if you were listening
1:41.1	to my colleague, Nancy Marshall Ginser on Marketplace Morning Report this morning.
1:45.2	You know that there is an EU-US trade deal reading here about it in The Guardian.
1:52.5	They talk about that the centerpiece of the deal is a 15% baseline tariff on EU exports to the US.S. with the exception of steel, which is still being
	...

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