Market Podcast

Key Topics Covered

• Supreme Court strikes down Trump tariff framework; President implements higher tariffs under alternative legal authority
• New 15% global tariffs create market chaos; equity futures down, Bitcoin drops 5%, dollar weakens further
• Tariff costs passed to consumers causing inflation concerns; potential $170 billion Treasury refund obligation creates fiscal pressure
• U.S. allies face higher tariffs than adversaries, undermining incentive to cooperate on future trade negotiations
• Legal durability uncertain; new tariffs expire in 150 days without Congressional approval, prolonging business planning uncertainty