Supreme Court questions emergency Trump tariffs
Summary
This episode delves into key global financial stories, starting with Argentine President Javier Milei's refusal to float the peso freely despite investor pressure, aiming to curb currency volatility. It then shifts to the US Supreme Court, where justices appeared skeptical of former President Trump's use of emergency powers to impose tariffs, a decision crucial for future economic policy. Finally, the podcast details the messy bankruptcy of First Brands, highlighting allegations of multi-billion dollar fraud against its founder and the impending battle among creditors.Episode description
US Supreme Court justices appeared sceptical of Donald Trump’s use of emergency powers to impose tariffs, and Argentine President Javier Milei has rejected investor calls to allow the peso to float freely. Plus, contentious bankruptcy proceedings for First Brands begin today.
Mentioned in this podcast:
Investors could face a bonfire night surprise on Trump tariffs
‘A glorious mess’: First Brands creditors brace for Houston court clash
Milei defies calls to float Argentine peso
Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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