Sep 3, 2026 · 30 min · 10 segments
The Supreme Court struck down the IEEPA tariffs on February 20, 2026, holding that the statute never authorized the President to impose them. The tariff era did not end there. It moved to other…
Barbara WeiselGuest
Scott SnyderHost
And I really want to begin by trying to get an update on where we stand in terms of Post-Liberation Day, the tariff announcements under authorities that were then overturned by the Supreme Court under the emergency IEPA.
And then also the ongoing battle for, I guess, legally sustainable tariff regime.
Those were time-bound and has then since put in place new measures that would replace the previous measures.
So they have the Section 301 tariffs on tariffs The shorthand is forced labor, but it's actually imports of products made with forced labor.
The second, Section 301 on excess overcapacity, industrial capacity that they have not made an announcement yet.
I think when you look at what's happened so far, the administration hasn't been deterred by the fact that any of the previous tariffs have been overturned.
if this new Section 301 ends up getting overturned, I think they will continue to put new tariffs in place.
They believe that these are necessary because of structural issues, because of the U.S. having a long history of deficits with many of our trading partners and that these measures will ultimately reverse those and bring industry back to the United States.
I think so far the record is very mixed and hasn't actually shown tariffs to be able to achieve what the administration wants them to, but they believe that over time they will, and I think they're determined to maintain them.
I think that when the tariffs were put into place on Liberation Day, people really were angry, upset, frustrated that the tariffs then came down.
And what countries began to look at was not just the tariff rates that were applied to them, but their tariff rate relative to other countries.
So they were hoping that they would maintain their competitiveness regionally and globally.
And I really want to begin by trying to get an update on where we stand in terms of Post-Liberation Day, the tariff announcements under authorities that were then overturned by the Supreme Court under the emergency IEPA.
And then also the ongoing battle for, I guess, legally sustainable tariff regime.
Those were time-bound and has then since put in place new measures that would replace the previous measures.
So they have the Section 301 tariffs on tariffs The shorthand is forced labor, but it's actually imports of products made with forced labor.
The second, Section 301 on excess overcapacity, industrial capacity that they have not made an announcement yet.
I think when you look at what's happened so far, the administration hasn't been deterred by the fact that any of the previous tariffs have been overturned.
if this new Section 301 ends up getting overturned, I think they will continue to put new tariffs in place.
They believe that these are necessary because of structural issues, because of the U.S. having a long history of deficits with many of our trading partners and that these measures will ultimately reverse those and bring industry back to the United States.
I think so far the record is very mixed and hasn't actually shown tariffs to be able to achieve what the administration wants them to, but they believe that over time they will, and I think they're determined to maintain them.
I think that when the tariffs were put into place on Liberation Day, people really were angry, upset, frustrated that the tariffs then came down.
And what countries began to look at was not just the tariff rates that were applied to them, but their tariff rate relative to other countries.
So they were hoping that they would maintain their competitiveness regionally and globally.
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