US EditionBessent says U.S. has 'lots' of options to use on tariffs if it loses Supreme Court case
4 Articles
4 Articles
A landmark case concerning U.S. President Trump's tariff policies is about to go to the Supreme Court. Treasury Secretary Scott Bessent said on Tuesday (November 4) that even if the government loses the case, there are still several legal options to maintain the tariffs.
With the Supreme Court about to hear a historic case about the tariffs of President Donald Trump, Treasury Secretary Scott Bessent declared on Tuesday that there are other options in case of defeat. Bessent expressed confidence in an interview with CNBC's "Squawk Box" program that the administration will prevail, but stated that he has additional resources in case the ruling is adverse. The high court will decide on Wednesday whether Trump overs…
Tariff costs impact industries with mostly White, male, and noncitizen workers
Overview The U.S. economy is flying blind, with most economic-data publications paused indefinitely due to the shutdown of the federal government amid a general U.S. labor market slowdown and just as the U.S. Supreme Court is due to hear arguments on the legality of the White House’s costly tariff policy. On October 14, new tariffs on imported lumber and furniture took effect, threatening to raise the costs of housing construction at a time when…
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