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Bessent: Trump administration has backup plan if Supreme Court rules unfavorably on tariffs

Upworthy Tuesday, 2 September 2025 ()
Treasury Secretary Scott Bessent said Monday that the Trump administration has a wide array of backup plans to impose tariffs on foreign trading partners if the Supreme Court strikes down the rates set under the International Emergency Economic Powers Act (IEEPA). "I'm confident the Supreme Court…
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Video Credit: Oneindia - Published
News video: US BREAKING: US Court STRIKES DOWN Trump’s Global Tariffs  Biggest Legal Setback For Trump’s Tariffs

US BREAKING: US Court STRIKES DOWN Trump’s Global Tariffs Biggest Legal Setback For Trump’s Tariffs 03:12

A U.S. appeals court has ruled that many of President Trump’s global tariffs were imposed illegally, dealing a major setback to his trade agenda. The 7-4 ruling found Trump overstepped his authority by using emergency powers to levy duties, though tariffs remain in place until October pending...

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