How to plan buying, selling and shipping after new court ruling on Trump tariffs
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 29 May 2025
⏱️ 10 minutes
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Summary
A federal trade court has struck down President Trump's large tariffs package announced in early April. This ruling blocks many – but not all – of the tariffs Trump has imposed in the last few months. But for businesses and consumers, the uncertainty continues. Also in this episode: Elon Musk steps down from DOGE, and the Social Security Administration reduces its workforce.
Transcript
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| 0:57.0 | How to plan buying, selling, and shipping now that a court has ruled President Trump's |
| 1:02.4 | Liberation Day tariffs are illegal. I'm David Brancaccio in New York. As you've been hearing, |
| 1:08.5 | a federal court dedicated to matters of trade has struck down President Trump's big package of tariffs announced with fanfare in early April. The administration used emergency powers for this round of import taxes, something the court says do not apply here. The Trump administration says it is not for unelected judges to decide. For businesses and consumers, |
| 1:28.9 | the uncertainty continues. Marketplaces Henry App joins me now with what this blocks and doesn't block, |
| 1:34.2 | Henry? Yeah, this ruling blocks many, but not all of the tariffs that Trump has imposed in the last |
| 1:40.1 | few months. All those country-specific tariffs we've been talking about since early April, |
| 1:44.9 | those are struck down by this ruling. So the Liberation Day import taxes Trump listed on a big |
| 1:50.1 | board and then dropped to 10 percent and then threatened to raise against the EU last week. That's what |
| 1:55.4 | the court is blocking. Also, the across-the-board tariffs Trump slapped on Canada and Mexico earlier in this year, the court said they can't go forward either. |
| 2:04.1 | But other tariffs on specific goods like cars and steel and aluminum, those are not affected by this ruling. |
| 2:10.6 | So they stay in place. |
| 2:12.3 | As a practical matter, what does this mean for goods at the border? |
| 2:16.8 | Do we still pay the tariffs? |
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