White House Has Backup Strategy If Trump’s Tariffs Are Overturned: Bessent

Date:

White House Has Backup Strategy If Trump’s Tariffs Are Overturned: Bessent

Treasury Secretary Scott Bessent speaks to reporters during a briefing at the White House on April 29, 2025. Travis Gillmore/The Epoch Times

Treasury Secretary Scott Bessent said the White House has plenty of tools at its disposal to implement President Donald Trump’s global tariffs if the Supreme Court does not uphold his use of a 1977 emergency powers law.

The U.S. Court of Appeals for the Federal Circuit ruled 7–4 on Aug. 29 against the current administration’s decision to invoke the International Emergency Economic Powers Act (IEEPA) as justification for levies on foreign goods unveiled in April. The court’s decision does not take effect until Oct. 14, allowing the White House ample time to appeal the decision to the Supreme Court.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Trump Says Iran Is Totally Defeated and Wants a Deal

The U.S. president said Iran wanted a deal after...

Trump Says Other Nations Joining US Patrols in Strait of Hormuz

Tankers sail in the Gulf, near the Strait of...

Mexican President Should Not Have Refused Help in Combating Cartels: Trump

(Left) President Donald Trump speaks to the media before...

The 70/20/10 Defense: A Bare-Bones Budget Template for 2026 Economic Volatility

In 2026, the potential for economic volatility is coming...