US Government’s Net Cash From Tariffs Jumps to Record $32 Billion in October

US Government’s Net Cash from Tariffs Jumps to Record $32 Billion in October

The Supreme Court could strike down a portion of the tariffs, but the Administration sees similar tariffs under different Acts. "You should assume they're here to stay": Bessent.

US Treasury Secretary Scott Bessent Warns Trade Partners as Trump Tariffs Face Legal Challenges

It looks like US Treasury Secretary Scott Bessent is not pleased with US courts going against US President Donald Trump’s tariffs. Reportedly, Bessent said he expects the Supreme Court to uphold the IEEPA-based tariffs, but if it strikes down the tariffs, Bessent said in an interview, the administration will simply switch to other tariff authorities, including Section 122 of the Trade Act of 1974, which allows broad 15% tariffs for 150 days to c…