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With a key strategy for tariffs ruled illegal, the Trump administration does have alternatives.

I'm David Brancaccio in New York. Now that a federal court dedicated to trade cases has struck down the big package of Trump administration tariffs announced on what the president had called Liberation Day, the White House promises to appeal.

And presidents have other tariff powers using legal strategies with stronger track records.

The stock market has moved up on the tariff news, but not wildly so. The Dow is up 71 points, less than 2 tenths percent. The S&P is up 7 tenths of a percent. The NASDAQ is up 1.2 percent. Tariff uncertainty is still with us. Diane Swank is chief economist at the audit tax and advisory firm, KPMG.

Many of the tariffs that were already levered on everything from aluminum to steel,

the motor vehicles are still in place.

And then on top of it, we have tariffs in the pipeline on everything from semiconductors,

pharmaceuticals, copper, lumber.

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