Transcript
Scott Detrow (0:00)
President Trump's tariff policy and his use of executive authority faces its most consequential test yet as it goes before the Supreme Court on Wednesday.
Danielle Kurtzleben (0:09)
I think it's the most important subject discussed by the Supreme Court in a hundred years.
Scott Detrow (0:15)
That was Trump this past weekend on CBS's 60 Minutes. The president has been clear in his defense of his signature economic tool, tariffs. And he has warned again and again that there will be dire economic consequences if this tool raising taxes on imports to extract concessions from other countries is taken away from him.
Danielle Kurtzleben (0:34)
I think our country will be immeasurably hurt. I think our economy will go to hell. Look, because of tariffs, we have the highest stock market we've ever had.
Scott Detrow (0:44)
But at the same time, many business leaders have said that tariffs are shutting down economic opportunity. Kentucky farmer Caleb Ragland farms 4,000 acres of soybeans, corn and winter wheat. And he's also the president of the American Soybean Association.
Scott Horsley (0:59)
The message that I have for President.
Danielle Kurtzleben (1:01)
Trump, the administration, is we need opportunities from the market.
Scott Detrow (1:07)
And tariffs and trade wars, they take away opportunity. Whether tariffs are helping or hurting the economy is not the direct question before the court. Instead, it is whether Trump exceeded his authority to place tariffs on foreign goods without congressional approval. Democratic Senator Amy Klobuchar from Minnesota spoke last week on the Senate floor calling for bipartisan legislation to overturn Trump's emergency tariffs.
Danielle Kurtzleben (1:33)
Finally, enough is enough. We're asserting our power, and you're not going to be able to just put on a 40% tariff on Brazil with a country with which we have a trade surplus simply because the guys being facing a trial there that the president doesn't like. No, this is not how this work. It's not how it works under the Constitution. It's not how it works under the law.
Scott Detrow (1:57)
Consider the White House will defend the constitutionality of the president's tariff emergency, the centerpiece of his economic policy. How is the policy shaping the economy? And what could the decision mean for businesses, for consumers, and for the president's string of possible trade deals? From npr, I'm Scott Detrow.
