Bessent: WH Has Options If High Court Curbs Tariff Power

On November fourth, the Supreme Court is set to hear a pivotal case that could reshape presidential power. President Donald Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs is under scrutiny. Treasury Secretary Scott Bessent has contingency plans ready, but the court's decision will determine future presidents' freedom in using emergency powers for trade and economic matters. The IEEPA is seen as the most effective tool, but other options like Section two hundred thirty-two of the Trade Expansion Act of nineteen sixty-two and Section three hundred one of the Trade Act of nineteen seventy-four are also available. The White House has been preparing backup strategies using various trade statutes to maintain tariff systems and preserve leverage with trading partners. The outcome will have lasting implications for presidential authority and international trade relations. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.