Supreme Court Weighs Trump Tariffs, But Administration Has Backup Plans
Markets & Money Today | 2 Min News | The Daily News Now! - Un pódcast de The Daily News Now! - Viernes
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The Supreme Court is currently reviewing the legality of President Trumps tariffs, implemented under the International Emergency Economic Powers Act. The White House cites the increase in fentanyl imports as the national emergency, leading to a ten percent tariff on goods from many countries. However, even if the Supreme Court rules against the administration, the White House has backup plans. Treasury Secretary Scott Bessent mentioned several other sections of trade acts that could be used, like sections three hundred one, two hundred thirty-two, and one hundred twenty-two, potentially making the tariffs permanent. This highlights the complex and evolving nature of trade policy and presidential power in economic matters.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
