The backbone of Trump’s upending of the global trading system have of course been his tariffs. They have been arbitrarily applied to America’s allies and sometimes based on the personal whims of the President. But they could be deemed illegal as early as today by the US Supreme Court. If Trump can get around that ruling it will mean 3 more years of economic and political chaos. It’s one of the main topics at the World Economic Forum in Davos this week where Trump himself will doubtless lecture the free world on his idea of Trumpenomics.  

Aidan Meagher is the co-head of the geopolitical strategy unit with EY and joined Joe Lynam on the show this morning to discuss.