logo
episode-header-image
May 29
29m 35s

Trump Wins Tariff Reprieve as Trade Agen...

bloomberg
About this episode

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, offering at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order.

The administration celebrated the order from the US Court of Appeals for the Federal Circuit as validating its vow to aggressively challenge a ruling issued Wednesday night by the Court of International Trade blocking sweeping parts of Trump’s tariffs over his use of the International Emergency Economic Powers Act, or IEEPA.

“I can assure you, American people, that the Trump tariff agenda is alive, well, healthy, and will be implemented to protect you, to save your jobs and your factories,” trade adviser Peter Navarro told reporters on Thursday.

Even as Navarro celebrated the temporary stay, the possibility that the appeals court could ultimately back the original ruling and block Trump’s tariff policy hung heavy over the White House. Separately, a second federal judge declared a number of Trump’s levies enacted using emergency powers unlawful, but limited his decision to the family-owned business that sued and delayed the order from taking effect for 14 days to allow the Justice Department time to appeal.

Today's show features:

  • Bloomberg News US Legal Reporter Erik Larson and Jimmy Gurulé, Professor of Law at Notre Dame Law School and Founder and Director of the Exoneration Justice Clinic
  • Elizabeth Economy, Hargrove Senior Fellow and co-chair of the Program on the US, China, and the World at Stanford University’s Hoover Institution
  • Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management

See omnystudio.com/listener for privacy information.

Up next
Yesterday
Bloomberg Businessweek Weekend - August 23rd, 2025
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Siriu ... Show More
1h 22m
Aug 22
US Takes Nearly 10% Stake in Intel, Clinching Unorthodox Deal
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump met with Intel Corp. Chief Executive Officer Lip-Bu Tan at the White House to finalize a deal giving the US government a nearly 10% equity stake in the beleaguered chipmake ... Show More
33m 15s
Aug 22
Instant Reaction: Jay Powell's Jackson Hole Speech
Bloomberg's Tom Keene, Lisa Abramowicz and Michael McKee discuss remarks from Fed Chair Jay Powell following his speech at the Jackson Hole Symposium on a special edition of Bloomberg Surveillance.They speak with: Jim Bullard, Former St. Louis Fed President Kate Moore, Citi Wealt ... Show More
36m 5s
Recommended Episodes
May 30
Trump's Plan B After Trade Court Setback
This week, an obscure trade court dropped a bombshell ruling: President Trump did not have the authority to issue sweeping tariffs under a 1977 law. The government has appealed the court’s decision. WSJ’s James Fanelli and Gavin Bade dig into the ruling and what it could mean for ... Show More
19m 14s
Jan 2025
Trump Tariff Talk Rattles Markets
Donald Trump has been inaugurated as the 47th president of the United States. The dollar rallied and Asian stocks trimmed their opening gains after President Trump said he was considering enacting previously threatened tariffs on Canada and Mexico starting next month.  Featuring: ... Show More
17m 4s
May 30
Did a Wine Importer Just Sink Trump’s Trade War?
A panel of federal judges ruled on Wednesday that many of President Trump’s tariffs were illegal, a decision that has threatened to derail his trade agenda.Victor Schwartz, the wine importer at the center of the case, explains why he decided to take on the president, and Jeanna S ... Show More
23m 37s
Jan 2025
How Trump’s Busy First Week Sets the Stage for His Agenda
After being sworn in on Monday, President Trump hit the ground running with a flurry of executive orders on immigration, taxes, oil production and other priorities, and bold statements on tariffs to international trade partners. The Wall Street Journal’s Washington bureau chief D ... Show More
14m 53s
May 8
Is Trump’s Trade Messaging Working?
🚨 Get ready for a 🔥 banger of an episode from the Ruthless Variety Program! 🎙️ Join Josh Holmes, Comfortably Smug, Michael Duncan, and John Ashbrook as they break down the latest on Trump’s trade strategies, tariffs, and the economy with a sharp, no-nonsense take you won’t fin ... Show More
1h 47m
Jan 2025
Weekend Law: Trump Sentenced & TikTok Ban
Litigator Dave Aronberg, former Palm Beach County State Attorney, discusses the sentencing of President-elect Donald Trump. Matthew Schettenhelm, Bloomberg Intelligence Litigation and Government Analyst, discusses the oral arguments at the Supreme Court on the TikTok ban. John Ka ... Show More
37m 24s
Apr 2025
Trump’s Tariffs Force a New Era in Global Trade
Yesterday, in the Rose Garden, President Trump sent out a clear message: the era of globalization is over. Trump announced sweeping tariffs on trillions of dollars of imports. The new duties immediately shook Wall Street and sent stocks plummeting. WSJ’s White House economic poli ... Show More
23m 37s
Feb 2025
Instant Reaction: Trump Tariffs Hit Mexico, Canada and China
US President Donald Trump ramped up his tariff threats to the European Union while saying he would speak with the leaders of Canada and Mexico, as stock markets sank following a hectic weekend that saw prospects for a trade war turn into reality. In remarks to reporters on Sunday ... Show More
10m 56s
Apr 2025
SCOTUS on deportations, China tariffs, Trump adviser spat and Iran
The U.S. Supreme Court has cleared the way for the Trump administration to keep deporting alleged Venezuelan gang members using a 1798 law, but with certain limits. China refuses to bow to what it called "blackmail" from the U.S. over tariffs - which have also sparked White House ... Show More
12m 8s