In a 6-3 decision, the U.S. Supreme Court struck down the government’s use of the International Emergency Economic Powers Act (IEEPA), holding that the statute does not authorize a president to impose sweeping tariffs. In this breaking news episode, host Rebecca Patterson is joined by Michael Froman, president of the Council on Foreign Relations and a former U.S. trade representative, to unpack the decision and discuss potential spillovers into financial and labor markets.

The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy. 

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