Former House Speaker Paul Ryan, now at Teneo, criticized the populist economic policies of the Trump administration during a Bloomberg interview at Davos. He expressed hope that the Supreme Court would strike down some of the president's tariffs, which have created significant uncertainty for global markets and supply chains.

Ryan's comments underscore the deep Republican division over trade policy. The tariffs, imposed under Section 232, have strained alliances and prompted retaliatory measures from partners like China and the EU. Business leaders remain concerned about the long-term impact on investment and economic resilience.

Speaking at the World Economic Forum, Ryan framed the debate as a test of institutional strength. A Supreme Court ruling against the tariffs could curb executive power on trade, offering predictability for markets. Investors are watching closely for any signal that could alter the current trade war trajectory.