Tariffs Got Struck Down. So Why Are We Still Paying?

The Supreme Court struck down the IEEPA tariffs in February, so why are Americans still paying tariffs? The administration replaced them, first with temporary Section 122 tariffs and now with 10 to 12.5 percent Section 301 tariffs on nearly every US trading partner.

Kyle sits down with cohost Erica York to catch up on tariff policy. Together, they look at how tariffs may cancel out the investment boost from full expensing and discuss the ongoing court cases that could still strike down the new tariffs.

0:00 Intro
0:30 Where tariffs stand after the IEEPA ruling
1:50 Industry-specific tariffs under Section 232
3:05 The trade fight with Canada and Section 338 tariffs
4:45 What could come next from China tariffs
5:10 Are importers getting IEEPA refunds?
7:50 Why consumers aren’t getting refunds
11:40 How workers pay for tariffs
12:55 Are foreign exporters paying some of the cost?
14:55 The $5,000 tariff dividend
17:10 How tariffs affect investment
20:00 Lessons from the 2018 trade war
21:30 The legal challenges to the new tariffs
24:55 Is the administration testing its limits?
26:00 What’s next for tariffs
28:15 Tax Foundation’s updated tariff tracker
29:30 Outro

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