As a major blizzard blankets much of the East Coast, the bigger storm is in Washington. After the Supreme Court of the United States struck down President Donald Trump’s global tariff policy, the President responded with a new 15% tariff on all imports, putting U.S. trade deals and the broader global order in question. CNBC’s Steve Liesman explains the ruling and what comes next. Yale Law School professor and former Biden Treasury official Natasha Sarin debates former Trump economic advisor Stephen Moore on the economic impact and outlook of more tariffs. Then, Washington State Senator Jamie Pedersen discusses his proposal to raise the income tax on millionaires and its likelihood to encourage executives to leave the state. Plus, President Trump urges Netflix to remove board member and former Biden policy chief Susan Rice.

Steve Liesman - 19:04

Stephen Moore and Natasha Sarin - 32:57

Jamie Pedersen - 46:23

In this episode:

Natasha Sarin, @NatashaRSarin

Stephen Moore, @StephenMoore

Steve Liesman, @SteveLiesman

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Blizzards & Tariffs Hit Washington 2/23/26

Squawk Pod