The Supreme Court struck down a bunch of President Trump’s tariffs yesterday. The Trump administration originally used an emergency economic powers law to justify the tariffs. And the court said: No! You can’t do that! Bad Trump, bad! This is despite the U.S. having raked in over a hundred billion dollars in import taxes already. On today’s show, unpacking the Supreme Court’s blockbuster tariffs decision. What’s next for tariffs? And … are we getting tariff refunds? Asking for a friend. Related episodes: <a href="https://www.npr.org/2025/11/12/nx-s1-5605545/trumps-backup-options-for-tariffs"target="_blank" >Trump's backup options for tariffs</a><a href="https://www.npr.org/2025/04/07/1243303429/tariffied-we-check-in-on-businesses"target="_blank" >Tariffied! We check in on businesses</a><a href="https://www.npr.org/2025/06/11/1253992700/tariffs-ieepa-trump-legal-emergencies-law"target="_blank" >Are Trump's tariffs legal?</a><a href="https://www.npr.org/2024/12/11/1218506684/worst-tariffs-ever-update"target="_blank" >Worst. Tariffs. Ever. </a> For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at <a href="http://plus.npr.org/"target="_blank" >plus.npr.org</a>. Fact-checking by <a href="https://www.npr.org/people/1268825622/sierra-juarez"target="_blank" >Sierra Juarez</a> and <a href="https://www.npr.org/people/nx-s1-63544/vito-emanuel"target="_blank" >Vito Emanuel</a>. Music by <a href="https://dropelectric.bandcamp.com/"target="_blank" >Drop Electric</a>. Find us: <a href="https://www.tiktok.com/@planetmoney"target="_blank" >TikTok</a>, <a href="https://www.instagram.com/planetmoney/"target="_blank" >Instagram</a>, <a href="https://www.facebook.com/planetmoney"target="_blank" >Facebook</a>, <a href="https://www.npr.org/newsletter/money"target="_blank" >Newsletter</a>. Learn more about sponsor message choices: <a href="https://podcastchoices.com/adchoices">podcastchoices.com/adchoices</a> <a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>

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