Treasury Secretary Scott Bessent warned this week that a Supreme Court ruling against the administration’s widespread use of tariffs could cause a “big loss” to the United States.
The Trump administration has cited a law at issue in the Supreme Court case, the International Emergency Economic Powers Act (IEEPA), to impose tariffs on national security grounds, such as dealing with drug-related crises.
“President [Donald] Trump has used his IEEPA authority consistently throughout the year to negotiate better deals for the American people,” Bessent told Fox News’ “Sunday Morning Futures” on Feb. 8, referring to the 1977 law.
He added that the law provides the federal government with “emergency authority” in trade matters….
Treasury Secretary Warns of ‘Big Loss’ if Supreme Court Overturns Tariffs
