Trump Wins Tariff Reprieve as Trade Agenda Faces Court Rollback

<p>Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />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.<br /><br />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&rsquo;s tariffs over his use of the International Emergency Economic Powers Act, or IEEPA.<br /><br />&ldquo;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,&rdquo; trade adviser Peter Navarro told reporters on Thursday.<br /><br />Even as Navarro celebrated the temporary stay, the possibility that the appeals court could ultimately back the original ruling and block Trump&rsquo;s tariff policy hung heavy over the White House. Separately, a second federal judge declared a number of Trump&rsquo;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.<br /><br />Today's show features:</p> <ul> <li>Bloomberg News US Legal Reporter Erik Larson and Jimmy Gurul&eacute;, Professor of Law at Notre Dame Law School and Founder and Director of the Exoneration Justice Clinic</li> <li>Elizabeth Economy, Hargrove Senior Fellow and co-chair of the Program on the US, China, and the World at Stanford University&rsquo;s Hoover Institution</li> <li>Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>