Some of Trump's tariffs in limbo
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 2 September 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
Just before the Labor Day weekend, a federal appeals court struck down many of the Trump administration's tariffs. The decision is on hold until mid-October, giving the White House time to appeal to the Supreme Court. This morning, we'll parse which tariffs are affected and which aren't. Plus, a lack of trade deals is weighing on American farmers, and caps on federal student loan borrowing will go into effect next year.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Many of President Trump's tariffs are in legal limbo. Many are not. |
| 0:07.2 | From Marketplace, I'm Sabri Beneshore, in for David Brancaccio. |
| 0:10.7 | Just before the Labor Day weekend, a federal appeals court struck down many of the Trump |
| 0:15.4 | administration's tariffs. The decision is on hold until mid-October, giving the White House time to appeal to the Supreme Court. |
| 0:22.3 | For now, the ruling throws into limbo many of Trump's tariffs, many but not all. |
| 0:28.1 | Marketplaces Nova Safo has more. |
| 0:30.3 | The U.S. Court of Appeals for the Federal Circuit said the President lacked authority to impose his own import taxes at will bying Congress. The ruling has to do with the |
| 0:39.2 | use of a tool President Trump has relied on the most, the International Emergency Economic Powers Act of |
| 0:45.5 | 1977. The administration claims it gives the president the power to set what he's called |
| 0:50.3 | reciprocal tariffs imposed on almost all countries. |
| 0:59.5 | Trump also used the law to impose higher taxes purportedly in an effort to combat fentanyl trafficking on goods from China and a portion of the imports from Canada and Mexico. |
| 1:04.8 | The fate of those tariffs are now up in the air. |
| 1:07.5 | The president has other tariff-imposing authorities, and he used those more limited |
| 1:11.7 | and slower methods to impose higher taxes on imported steel, aluminum, and automobiles. Those |
| 1:17.9 | actions are not affected by the appeals court ruling. I'm Nova Saffo for Marketplace. Later this morning, |
| 1:24.1 | we are going to get some data on how American farmers are feeling. |
| 1:28.0 | Purdue's Farmer Sentiment Index is where we find that. In July, President Trump's trade war was |
| 1:32.8 | weighing on farmers. It's been harder to sell some crops overseas. Sales of soybeans to China, |
| 1:38.2 | for example, have plunged to about zero. The administration wants to get Chinese sales back, |
| 1:43.4 | but it's also looking for new markets, |
| 1:46.3 | which brings us to the law of unintended consequences. Marketplaces Savannah Peters reports. |
| 1:52.8 | In Cullum, North Dakota, soybean farmers are gearing up for the fall harvest, including Josh Gackle. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

