Welcome to The Watchdog on Wall Street Podcast. Author, investment banker, consumer advocate, analyst, and trader Chris Markowski exposes the lies and…
Another round of Trump tariffs just got blocked in court — exactly like we said would happen. The U.S. Court of International Trade ruled that Trump’s new Section 122 tariffs were unlawful because the law was designed for balance-of-payments emergencies, not general trade deficits. The administration knew the legal ground was shaky from the start. In this episode, we break down: • Why the court ruled Trump’s “Tariff 2.0” plan illegal • What Section 122 was actually created for after Bretton Woods collapsed • How the White House likely knew these tariffs wouldn’t survive judicial review • Why this strategy mirrors Biden’s legally questionable student-loan maneuvers • How Trump may now pivot toward “Tariff 3.0” targeting countries accused of “taking advantage” of the U.S. • Why markets and allies are increasingly nervous about unpredictable escalation And the uncomfortable reality: people may now fear Trump’s reaction to losing more than the policy itself.