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Plain English with Derek Thompson

The Supreme Court Strikes Down Trump’s Tariffs. Now What?

Plain English with Derek Thompson

The Ringer

News, News Commentary

4.72.1K Ratings

🗓️ 21 February 2026

⏱️ 42 minutes

🧾️ Download transcript

Summary

Donald Trump suffered a huge blow Friday when the Supreme Court struck down the centerpiece of his economic policy: his vast system of tariffs. So, what happens now? Harvard’s Jason Furman explains the implications for the U.S. economy, consumers, global trade, and Trump’s strategy of centralizing power in the executive branch and using trade policy as a means of wringing concessions out of other counties. Subscribe to our YouTube channel here: https://www.youtube.com/@PlainEnglishwithDerekThompson If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek ThompsonGuest: Jason FurmanProducer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You plan a holiday, you plan a commute, meal plans, career plans, even workouts need a plan.

0:12.1

So doesn't it stand to reason that your money has one too? Because the sad truth is, if it doesn't,

0:17.6

it's just sitting there, barely growing, if at all.

0:22.3

That's why you need a money plan.

0:23.9

And Quilter can help.

0:26.7

It's a lot easier to stick to than a workout plan.

0:28.8

Money needs a plan.

0:32.5

Quilter. Pensions, investments, advice.

0:34.8

Find out more at quilter.com.

0:36.3

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0:42.1

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0:47.4

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0:52.7

pourover coffee maker.

0:54.5

Don't just celebrate birthdays.

0:56.8

Celebrate one-of-a-kind people with gifts that say I get you on Etsy.

1:01.9

Click or tap the banner to shop now.

1:06.3

One of the hallmarks of the presidency of Donald Trump is that insane stuff keeps happening,

1:11.8

but also that insane stuff keeps unhappening, if that's a word, which it technically is not.

1:17.4

In his first month in office, Trump moved to end birthright citizenship, which was struck down by a federal judge.

1:22.8

He offered a buyout to federal employees, which was paused by a federal judge.

1:27.0

He attempted to

1:28.0

pause all grants and loans from federal agencies, a move which was blocked by a federal judge.

...

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