
WHAT Is Happening with Tariffs?
From Watchdog on Wall Street with Chris Markowski by Finance, Investing, & Markets
May 8, 2026 · 4 min
About this episode
This episode discusses the recent court ruling against Trump's tariffs and the implications for U.S. trade policy.
LISTEN and SUBSCRIBE on: Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on: https://www.youtube.com/@WatchdogOnWallstreet/featured Another round of Trump tariffs just got blocked in court — exactly like we said would happen. The U.S. Court of International Trade ruled that Trump’s new Section 122 tariffs were unlawful because the law was designed for balance-of-payments emergencies, not general trade deficits. The administration knew the legal ground was shaky from the start. In this episode, we break down: • Why the court ruled Trump’s “Tariff 2.0” plan illegal • What Section 122 was actually created for after Bretton Woods collapsed • How the White House likely knew these tariffs wouldn’t survive judicial review • Why this strategy mirrors Biden’s legally questionable student-loan maneuvers • How Trump may now pivot toward “Tariff 3.0” targeting countries accused of “taking advantage” of the U.S. • Why markets and allies are increasingly nervous about unpredictable escalation And the uncomfortable reality: people may now fear Trump’s…
People in this episode
Host: Chris Markowski
Topics covered
- tariffs
- trade policy
- legal rulings
- economic strategy
- market reactions
Keywords
- tariffs
- Trump
- court ruling
- trade deficits
- Biden
- economic strategy
- market reactions
Mentioned in this episode
Organizations: U.S. Court of International Trade, White House, Biden
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