Stocks Whipsaw as Court Strikes Down Trump Tariffs

• Tom Keene argues the ruling is a 'huge deal' on legal and political grounds, referencing historical tariff failures and public dissatisfaction with higher prices.
• Kevin Hassett from Fox Business defends tariffs as 'common sense' and effective, suggesting the administration has 'other authorities' to impose them.
• The Supreme Court, including Trump appointees, is seen as 'screaming for guardrails', asserting that the President cannot impose tariffs based on vague laws.
• The market's reaction was 'tepid' (Dow up only 37 points, retail down), reflecting uncertainty about the future of trade policy and the economic impact.

The discussion revolves around the Supreme Court's decision to strike down Trump tariffs, with analysts debating its legal, political, and economic implications. While some view it as a win for free trade, the conversation highlights ongoing uncertainty and the administration's intent to pursue alternative tariff measures, leading to a tepid market reaction.