What are the key takeaways from this Marketplace episode?

Key insights include: **Small Business Impact:** Wine distributor lost 100% of international sales while steel tubing supplier faces vendor abandonment as Chinese manufacturers diversify away from unpredictable US market, forcing permanent supply chain restructuring regardless of court outcome.; **Major Questions Doctrine Risk:** Court must decide if presidential authority to regulate imports includes taxation power, potentially creating constitutional end-run around Congress's explicit taxing authority and enabling presidency-centered economic regulation through tariff mechanism instead of legislation.; **Tariff Refund Process:** If tariffs ruled illegal, government must repay $90 billion through individual company claims requiring receipts, forms, lawyers, and accountants over six to nine months, creating prohibitive cost-benefit barrier for small businesses most hurt by tariffs.

What did Katie Lazar and Todd Adams discuss on Marketplace?

The Supreme Court hears arguments on Trump's use of the International Emergency Economic Powers Act to impose global tariffs, with $90 billion in refunds at stake if ruled unconstitutional. Key topics include: **Small Business Impact:** Wine distributor lost 100% of international sales while steel tubing supplier faces vendor abandonment as Chinese manufacturers diversify away from unpredictable US market, forcing permanent supply chain restructuring regardless of court outcome.; **Major Questions Doctrine Risk:** Court must decide if presidential authority to regulate imports includes taxation power, potentially creating constitutional end-run around Congress's explicit taxing authority and enabling presidency-centered economic regulation through tariff mechanism instead of legislation..

How long is this episode of Marketplace?

This episode is 25 minutes long. SignalCast provides an AI-generated summary so you can get the key insights in about 3 minutes.

Marketplace

What to know as SCOTUS weighs Trump's tariffs

November 4, 2025

25 min episode · 2 min read

Katie Lazar,Todd Adams,Blake Emerson

Episode

25 min

Read time

2 min

Topics

Fundraising & VC, Sales & Revenue, Economics & Policy

AI-Generated Summary

Published Dec 25, 2025

Key Takeaways

✓Small Business Impact: Wine distributor lost 100% of international sales while steel tubing supplier faces vendor abandonment as Chinese manufacturers diversify away from unpredictable US market, forcing permanent supply chain restructuring regardless of court outcome.
✓Major Questions Doctrine Risk: Court must decide if presidential authority to regulate imports includes taxation power, potentially creating constitutional end-run around Congress's explicit taxing authority and enabling presidency-centered economic regulation through tariff mechanism instead of legislation.
✓Tariff Refund Process: If tariffs ruled illegal, government must repay $90 billion through individual company claims requiring receipts, forms, lawyers, and accountants over six to nine months, creating prohibitive cost-benefit barrier for small businesses most hurt by tariffs.
✓Presidential Plan B Options: Trump retains multiple tariff authorities including antidumping duties targeting specific companies at 127-626%, Section 232 national security tariffs on entire industries, and investigations underway for pharmaceuticals, semiconductors, drones, and wind turbines across all countries.

What It Covers

The Supreme Court hears arguments on Trump's use of the International Emergency Economic Powers Act to impose global tariffs, with $90 billion in refunds at stake if ruled unconstitutional.

Key Questions Answered

•Small Business Impact: Wine distributor lost 100% of international sales while steel tubing supplier faces vendor abandonment as Chinese manufacturers diversify away from unpredictable US market, forcing permanent supply chain restructuring regardless of court outcome.
•Major Questions Doctrine Risk: Court must decide if presidential authority to regulate imports includes taxation power, potentially creating constitutional end-run around Congress's explicit taxing authority and enabling presidency-centered economic regulation through tariff mechanism instead of legislation.
•Tariff Refund Process: If tariffs ruled illegal, government must repay $90 billion through individual company claims requiring receipts, forms, lawyers, and accountants over six to nine months, creating prohibitive cost-benefit barrier for small businesses most hurt by tariffs.
•Presidential Plan B Options: Trump retains multiple tariff authorities including antidumping duties targeting specific companies at 127-626%, Section 232 national security tariffs on entire industries, and investigations underway for pharmaceuticals, semiconductors, drones, and wind turbines across all countries.

Notable Moment

Canadian plant growers absorb 100% of tariff costs rather than pass them to US buyers because 98% of their sales depend on the American market, demonstrating how consumer market power occasionally prevents tariff pass-through.

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Episode Transcript

This podcast is supported by Odoo. Some say Odoo business management software is like fertilizer for businesses because the simple efficient software promotes growth. Others say Odoo is like a magic beanstalk because it scales with you and is magically affordable. And some describe Odoo's programs for manufacturing, accounting, and more as building blocks for creating a custom software suite. So Odoo is fertilizer, magic beanstalk building blocks for business. Odoo, exactly what businesses need. Sign up at odoo.com. That's odoo.com. We are gonna talk about one thing on the program today, one law. It's a mouthful. The International Emergency Economic Powers Act of 1977, how it's being applied here in 2025. From American public media, this is Marketplace. I'm Kai Rizdahl. It is Tuesday. Today, the November 4. Good as always to have you along, everybody. As I said, we are gonna do the whole program today on the law behind president Trump's Tariffpalooza back in April, those very nearly global import taxes that the president says he's allowed to do under the provisions of the aforementioned International Emergency Economic Powers Act. IEEPA is the shorthand, and it is going to be the topic du jour at the Supreme Court of the United States tomorrow. We're gonna hear from a law professor and some analysts and economists, but we are gonna start with small business owners. It was small businesses that filed the suits that are gonna be heard tomorrow, and it's small businesses that are being hit most directly. Katie Lazar is the general manager at Cain Vineyard and Winery in Napa Valley. Todd Adams is the president of Sanitube. That's a stainless steel tubing supplier for food manufacturers. We caught him, I should say, at the Houston Airport. Hello to you both. Welcome to the program. Thank you. Thanks for having us. Todd, let me start with you, and it's gonna be the same question to the both of you. How is your business today versus business, say, a year ago? How's it going? To be honest, business remains strong, and we're thankful for that. It is a lot more challenging these days. Pricing has been much more fluid than it has ever been in the past, particularly on the product that, is imported. And in our industry, a significant portion of the product is, imported because there is no domestic manufacturing. We've had to increase prices, and it's largely been, it's largely been accepted by the market. Not sure how that's going to play out down the road because eventually that will, you know, trickle down to the price of, consumer goods and and food products. Right. Katie Lazar, same question. How's it been as compared to a year ago? Very complicated. Basically, on the international side, selling internationally, we have lost a 100% of our our wine sales. I'm sorry. Say that again. You've lost a 100% of your international wine sales. That's correct. That seems challenging. It is. It is. And on the domestic …

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