This NPR Planet Money Indicator podcast episode discusses the legal challenges to President Trump's tariffs. The episode details the legal arguments for and against the tariffs, focusing on a lawsuit brought by several states and businesses. A key point of contention is whether the president has the authority to impose tariffs under a 1970s law citing national emergency. The podcast covers the initial court ruling against the tariffs, the ongoing appeals process, the financial implications of the $30 billion monthly tariff revenue, and the potential impact on American businesses and consumers. The perspectives of various stakeholders, including a wine importer, Oregon's Attorney General, and White House representatives, are presented.
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