Fed court blocks Trump 10% global tariffs + EOs target Fed + Powell defense + Warsh nom + econ limits
Key Questions
What did the federal court rule on Trump's tariffs?
A US trade court struck down the 10% global tariffs under the '74 Act, calling them illegal—a win for small businesses.
What executive orders target the Fed?
Trump's EOs attack the Fed using Iran war powers.
What is Powell's position amid probes?
Powell defends his legacy against Trump probes.
What happened with Kevin Warsh's nomination?
The Senate confirmed Kevin Warsh to the Fed Board of Governors for a 14-year term, with a narrow mandate focused on inflation overhaul.
How might this impact pre-midterm politics?
Congressional backfire on economic limits could affect midterms.
US trade court strikes 10% tariffs under '74 Act (small biz win); Trump EOs attack Fed via Iran powers; Powell legacy vs probes; Warsh hearing narrow mandate/inflation overhaul; Congress backfire pre-midterms.
Sources (4)
Updated May 13, 2026