Trump’s tariffs are not dead yet, with Michael Froman

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• 00:00

  Whatever the law says, President Donald Trump is a tariff man.

• 00:04

  On February 20th, the Supreme Court struck down some of President Trump's tariffs,

• 00:09

  specifically the ones he applied under the International Emergency Economic Powers Act,

• 00:14

  fondly known as IEPA.

• 00:17

  President Donald Trump responded later that day, announcing new tariffs of 10%.

• 00:22

  Then, just a day later, he posted on Truth Social that the rate would go up to 15%.

• 00:27

  Why not?

• 00:29

  Those tariffs expire after 150 days, so in late July.

• 00:33

  And today, in this emergency episode of The Economics Show,

• 00:37

  I'm going to ask, where are the tariffs going next?

• 00:46

  This is The Economics Show with Simeon Keynes.

• 00:49

  I'm joined by the ideal guest for this particular moment,

• 00:52

  Mike Froman of the Council of Foreign Relations and former United States Trade Representative.

• 00:58

  Mike is speaking to me from New York,

• 01:00

  and I should say that we are recording this at 8pm GMT on Sunday, February 22nd.

• 01:06

  So timestamp that relative to whatever else comes out from the Trump administration.

• 01:12

  Okay, Mike, hello.

• 01:14

  Hello, good to be with you.

• 01:15

  Okay, so on this show, we always start with a silly question at the beginning,

• 01:19

  on a scale of 1 to 10.

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