episode-header-image

May 30

10m 40s

Trump’s tariffs in legal limbo

Financial Times

About this episode

The White House is fighting court rulings that US President Donald Trump’s ‘liberation day’ tariff scheme is illegal, and a former Goldman Sachs banker was sentenced to two years in prison for his role in the 1MDB scandal. Plus, how Wall Street offloaded billions of dollars of debt from Elon Musk’s Twitter deal.

Mentioned in this podcast:

Court tariffs bombshell should inspire trading partners to defy Trump

Trade Secrets Newsletter

Former Goldman Sachs banker sentenced to two years in prison for 1MDB role

How Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter deal

Today’s FT News Briefing was produced by Sonja Hutson, Fiona Symon, Henry Larson and Marc Filippino. Additional help from Michael Lello, and Gavin Kallmann. Blake Maples mixes our show. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Up next

Global copper market weighs Trump tariff threat

The UK and France have pledged for the first time to co-ordinate the use of their nuclear weapons, and the copper markets are reeling from US President Donald Trump’s threat to impose 50 per cent tariffs on the metal. Plus, Nvidia has hit a record market capitalisation at $4tn.Me ... Show More

BCG tries to limit Gaza work fallout

EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, and Boston Consulting Group’s chief executive said the group’s involvement with a postwar plan for Gaza had been “reputationally very damaging”. Plus, Eu ... Show More

Liechtenstein's zombie-trust apocalypse

US President Donald Trump extended tariff deadlines, and Liechtenstein’s trust industry is in a crisis spurred by American sanctions against Russia. Plus, Shein filed for an initial public offering in Hong Kong, and Elon Musk is trying to save Tesla from Trump. Mentioned in this ... Show More

Recommended Episodes

How Trump Wiped Out $10 Trillion in Wealth in 3 Days

On Monday, global stocks whipsawed over President Trump’s tariffs, a bear market briefly became official in the United States and tit-for-tat retaliation with China intensified.As trillions of dollars in corporate value evaporates and Mr. Trump’s support in the business world is ... Show More

Elon Musk's 'hostile takeover' of Washington

When Donald Trump took office, he appointed Elon Musk as head of the Department of Government Efficiency - or DOGE - a new agency designed to radically slash federal costs. Since inauguration day Musk has done just that, laying off thousands of staff, freezing America's entire in ... Show More

Trump's Crackdown on Dissent

The price of eggs is still high, the stock market is sinking, but Donald Trump is fulfilling at least one campaign promise: using the power of the government to punish those who disagree with him. ICE arrests one of the leaders of the campus protests at Columbia—a legal permanent ... Show More

Bloomberg Wall Street Week - July 12th, 2024

On this edition of Wall Street Week, Key Square Capital CEO Scott Bessent says that the Fed hasn't been very independent under President Biden. Columbia Law School Professor Kathryn Judge tells us how the Supreme Court's Chevron reversal could affect bank regulations. Former Brit ... Show More

Donald Trump est-il en train de démolir l'État de droit aux États-Unis?

Lundi 10 mars, Donald Trump a fêté son cinquantième jour à la Maison-Blanche (il en reste 1.407 au moment de la diffusion de cet épisode) et le pays a déjà changé de visage. L'Amérique que l'on connaissait, celle du libéralisme économique, des libertés individuelles et de la libe ... Show More

Trump's Triumphant Stock Market Surge & the Battle for Texas Water

Oval Office Visit Senator Ted Cruz's Visit: Senator Cruz spent about two hours with President Trump in the Oval Office, discussing various topics and receiving a challenge coin from the President. Stock Market Surge Tariffs and Stock Market Impact: President Trump paused tariffs ... Show More

Pardons and Populism: Trump’s First Day Back in the White House

Warning: This episode contains strong language.On Monday, in the culmination of an extraordinary political comeback, Donald J. Trump was officially sworn in as president of the United States for a second time.Mr. Trump’s return comes just four years after being voted out of offic ... Show More

Trump Lashes Out at Powell. But Can the President Fire the Fed Chair?

P.M. Edition for April 17. In a post on social media and in comments from the Oval Office, President Trump expressed his displeasure with Fed Chair Jerome Powell. But can Trump actually fire him? WSJ chief economics commentator Greg Ip discusses an upcoming Supreme Court decision ... Show More

The billionaire charged with insider trading

Joe Lewis, 86, is a billionaire. He made his money trading currency, among other things. And he likes to keep a low profile. That could change with his appearance in court this week in New York, responding to insider trading charges. His bail is set at $300mn. Legal correspondent ... Show More

Trump, Vance, and The Republican Anti-Worker Playbook

The right-wing talks a big economic populist game, claiming that the working class is their chief concern. But their pro-worker words don’t translate into pro-worker actions. During the first Trump administration, for instance, Republicans killed raising the minimum wage and crea ... Show More

Listen to millions of songs and podcasts on Anghami