Trump’s tariffs in legal limbo

The White House is fighting court rulings that US President Donald Trump’s ‘liberation day’ tariff scheme is illegal, and a former Goldman Sachs banker was sentenced to two years in prison for his role in the 1MDB scandal. Plus, how Wall Street offloaded billions of dollars of debt from Elon Musk’s Twitter deal.Mentioned in this podcast:Court tariffs bombshell should inspire trading partners to defy TrumpTrade Secrets NewsletterFormer Goldman Sachs banker sentenced to two years in prison for 1MDB roleHow Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter dealToday’s FT News Briefing was produced by Sonja Hutson, Fiona Symon, Henry Larson and Marc Filippino. Additional help from Michael Lello, and Gavin Kallmann. Blake Maples mixes our show. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.