March 09, 2026
By striking down key tariffs, the Supreme Court delivered a rare rebuke to President Trump’s trade agenda. Despite the ruling, the administration quickly pivoted, invoking Section 122 of the Trade Act to keep its tariffs program alive. Ian Bremmer sits down with economists Paul Krugman and Scott Lincicome to discuss what comes next.
Companies could still seek refunds if the new measures are challenged, with estimates of up to $175 billion in duties at stake. “We’re not talking about a few bucks here and there,” says Scott Lincicome. “Penn Wharton budget guys said it could be up to 175 billion in duties that are going to need to be refunded for certain companies.”
Economist Paul Krugman emphasizes that while legal battles grab headlines, the broader public impact is what matters politically. “Even if people say they oppose free trade in theory, tariffs themselves are wildly unpopular,” he says. With midterm elections looming, the administration faces the challenge of defending its trade agenda while voters feel the real-world effects.
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As America approaches its 250th anniversary, Bank of America is investing in the legacy of leadership — committing $5M to the Theodore Roosevelt Presidential Library and conserving 110 presidential portraits at the Smithsonian National Portrait Gallery, so the history of leaders who defined our nation is preserved for generations to come. Learn more here.
Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.
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