T he following is a lightly edited transcript of the February 23 episode of the Daily Blast podcast. Listen to it here . Sargent : So, the Supreme Court invalidated all of the tariffs that Trump instituted using the International Emergency Economic Powers Act, or IEEPA. That knocks out a bunch of the tariffs on China, Mexico, and Canada—all the global reciprocal tariffs and a number of others. Matt, can you explain exactly what the court ruled? Seligman : Sure. This was a decisive ruling