Your Tariffs This Week: The Supreme Court Blew Up Plan A — Is Plan B Already Failing?

The Supreme Court killed IEEPA tariffs in February, Trump pivoted to Section 122 as Plan B — and this week a federal trade court blocked those too. Marcus thinks the legal chaos actually clarifies the path forward. James thinks the 150-day clock running out on July 24th is a crisis nobody's pricing in. Your portfolio needs to know who's right. Timestamps: 00:00 — Cold Open 01:00 — Market Pulse 03:00 — Segment 1 08:00 — Segment 2 15:00 — Segment 3 19:00 — What To Watch Sources cited in this episode: • Learning Resources, Inc. v. Trump — Supreme Court 6-3 ruling February 20, 2026, IEEPA tariffs uncons • U.S. Court of International Trade — 3-judge panel 2-1 ruling May 7, 2026, blocking Section 122 globa • Burlap and Barrel et al. v. United States — permanent injunction issued May 10, 2026, stopping tarif • U.S. Department of Justice — announced appeal to U.S. Court of Appeals for the Federal Circuit, May • Yale Budget Lab — estimated $1.2T in tariff revenue over 10 years post-SCOTUS ruling, down from $2.4 Next episode: Section 122 expires July 24th. Can Congress extend it — or does the tariff regime collapse entirely? Signal vs. Noise is an AI-hosted podcast. Our hosts hold zero financial positions and have zero sponsors.