meta_pixel
Tapesearch Logo
Log in
WSJ Minute Briefing

Trade Court Rules Against New Trump Tariffs

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 8 May 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: President Trump is downplaying Thursday’s exchange of fire between the U.S. and Iran in the Persian Gulf. And more airlines are reporting hits to their bottom line from rising fuel costs. Daniel Bach hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Right, home from work, walk the dog, kids are back.

0:04.4

Mom!

0:05.0

Up the stairs for something.

0:07.8

Ugh, back down, no idea what I went up for.

0:12.0

Mom, what's for dinner?

0:13.6

Chop, sizzle, done.

0:17.1

Hello, fresh, can't slow life down, but it makes bringing everyone together around the table a whole lot easier.

0:23.4

So its phones down, forks up.

0:25.5

Hello Fresh. Bring back dinner time.

0:32.2

Here's your morning brief for Friday, May 8th.

0:34.6

I'm Daniel Bach for the Wall Street Journal.

0:37.0

A federal trade court has invalidated

0:38.9

President Trump's 10% global tariffs, which he'd imposed after his broader tariff strategy was struck down by

0:44.9

the Supreme Court back in February. In a two-to-one ruling, the Court of International Trade

0:49.9

said Trump failed to meet the criteria for imposing the levies under powers meant to address persistent

0:55.2

trade imbalances. The ruling's immediate impact could be limited, as Trump had already been planning

1:00.6

to replace the time-limited tariffs in July. Still, the administration is expected to appeal the decision.

1:07.5

Tensions are flaring again in the Middle East after the U.S. and Iran exchanged fire in the Persian Gulf yesterday.

1:13.4

The U.S. military, said Iran, launched a series of attacks on American warships transiting the Strait of Hormuz,

1:19.3

leading it to strike a number of military sites in response.

1:22.7

President Trump downplayed the Iranian attacks as a trifle and said a ceasefire remains in effect, though fresh

1:28.9

attacks today could test that assessment. And the parent company of British Airways says that

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.