What does the Supreme Court’s decision on IEEPA actually mean for President Trump’s tariff strategy—and the future of the U.S. economy?

In this episode, Lisa is joined by International Law Attorney, Nazak Nikakhtar who breaks down the high-stakes ruling that limits the president’s ability to impose tariffs under emergency powers—and explains why it may not slow Trump down at all. From Sections 232, 301, and 338 to national security-based trade actions, the administration still has powerful tools to reshape global trade.

We dive into:

• Why the Supreme Court blocked IEEPA tariffs—and what comes next

• How Trump can still impose sweeping tariffs using other legal authorities

• The real goal behind tariffs: reducing debt, boosting U.S. manufacturing, and countering China

• Whether tariffs are actually a “tax” on American consumers

• What CPI and inflation data reveal about the real economic impact

• The growing decoupling between U.S. businesses and China

• How global supply chains—and national security—are driving trade policy

• The long road to rebuilding American manufacturing

Nazak also explains why critics may be missing the bigger picture—and why tariffs could play a central role in reversing decades of wage stagnation and industrial decline.