WHAT Is Happening with Tariffs?

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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