Bessent warns Supreme Court ruling against tariffs would be ‘gigantic loss’
NEW YORK, NY (Fox News) — Treasury Secretary Scott Bessent warns that a Supreme Court ruling against President Trump’s emergency tariff powers would be a significant loss for Americans, citing the policy’s effectiveness in pressuring countries like China to negotiate better deals. Bessent emphasized the importance of Trump’s use of the International Emergency Economic Powers Act (IEEPA) in addressing issues like the fentanyl crisis and gaining leverage in global trade negotiations.
Critical Leverage in Negotiations
Bessent highlighted a recent confrontation with Beijing where China backed down from rare-earth export controls after facing the threat of steep tariffs, showcasing the administration’s use of emergency powers to secure favorable outcomes for the American people. He argued that stripping the president of this authority would weaken America’s position in a time of heightened geopolitical competition.
Anticipated Supreme Court Decision
The Supreme Court heard arguments in November 2025 regarding the legality of Trump’s emergency tariff authority and is expected to issue a decision later in 2026. Bessent emphasized the importance of maintaining this authority for the benefit of the American people and the country’s negotiating power on the global stage.
