Treasury’s Bessent Defends Trump Tariff Powers Before Supreme Court

TLDR: Treasury Secretary Scott Bessent said IEEPA tariffs target unfair trade practices, not revenue generation. SCOTUS heard arguments on whether IEEPA gives the president power to impose emergency tariffs. Plaintiffs argued Trump exceeded his authority under IEEPA, citing trade and constitutional concerns. Bessent stated tariffs are a temporary measure to revive U.S. manufacturing and balance [...]

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