US Edition
Trump Is Using Emergency Powers To 'Truncate A Financial Crisis, Says Scott Bessent Amid Tariff Defense: 'What If Someone Had Done That For...'
The US Appeals Court ruled President Trump exceeded authority under emergency law by imposing tariffs, but allowed them to stay temporarily; the ruling affects multiple trade categories.
- On Friday, a federal appellate court determined that most of the worldwide tariffs implemented under President Donald Trump exceed his legal authority and are therefore unlawful.
- The ruling stemmed from the court's finding that only Congress can impose sweeping tariff levies, invalidating the president's unilateral duties.
- The court has permitted the tariffs to stay active until mid-October, while Attorney General Pam Bondi and the Justice Department prepare to challenge the decision by taking it to the Supreme Court.
- Tariff revenues rose steadily from $17.4 billion in April to $183.1 billion for the fiscal year, with Secretary Scott Bessent saying they could help reduce the nation's $37.2 trillion debt.
- This decision challenges the core of Trump's trade policy and may impact future tariff enforcement and fiscal strategies relying on this revenue stream.
24 Articles
24 Articles
Trump Is Using Emergency Powers To 'Truncate A Financial Crisis, Says Scott Bessent Amid Tariff Defense: 'What If Someone Had Done That For...'
Treasury Secretary Scott Bessent has revealed plans to prepare a defense of the Trump administration’s tariffs. This move is in anticipation of a potential Supreme Court ruling on the legality of these tariffs. Bessent Readies Supreme Court Brief To Defend Tariffs Bessent, in a conversation with Semafor on Monday, stated that he intends to draft a brief for the solicitor general that will support the Trump administration’s tariffs. This comes in…
Trump’s tariffs are headed to the US Supreme Court, prolonging the chaos on trade
Brisbane: Trading partners of the United States are facing a fresh period of uncertainty after a US federal appeals court ruled President Donald Trump’s “reciprocal” tariffs were illegal. In a 7-4 majority, the judges ruled Trump had exceeded his power by invoking emergency powers to impose tariffs of “unlimited duration on nearly all goods from nearly every country in the world”, upholding an earlier court decision. The ruling will throw into d…
US Treasury Secretary Bessent talks of plan B for Trump’s tariffs. What could it be?
A US federal appeals court ruled Trump exceeded his authority by using the International Emergency Economic Powers Act (IEEPA) to impose broad 'reciprocal' tariffs and duties on China, Canada and Mexico. The administration has appealed to the Supreme Court, with Bessent confirming that a legal brief will argue that trade deficits and fentanyl imports qualify as national emergencies. Backup options include Sections 232, 201, 301, 122 and Smoot-Ha…
‘A tipping point’: Bessent previews Trump administration’s latest tariff defense
The NewsTreasury Secretary Scott Bessent told Semafor Monday that he plans to write a brief for the solicitor general to file that defends the Trump administration’s tariffs ahead of a likely Supreme Court ruling on their legality.A federal appeals court ruled Friday that the tariffs are an overreach of the president’s emergency powers, though the levies were left in place amid an expected appeal to the Supreme Court. Bessent predicted that the …
Conservative warns Trump's 'bad policy' spells trouble for the Supreme Court
In an article for the Wall Street Journal published Monday, conservative legal commentator Jonathan H. Adler argued that the en banc U.S. Court of Appeals for the Federal Circuit’s rejection of the Trump administration’s sweeping emergency “Liberation Day” tariffs underscores both the legal overreach at play and the constitutional stakes now before the Supreme Court.On Friday, the U.S. Court of Appeals for the Federal Circuit, sitting en banc, a…
Coverage Details
Bias Distribution
- 42% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
