Supreme Court has taken away Trump's leverage with tariff ruling, says Bessent - Reuters

<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxOMUJmWXJsbGFDNzlJVHRLdzNBQnBQS09uNEZaVVZyNXEzY3hSbkJGWl9WR3M3R1BKT2ozNzRsb1JYQ3JQbEl0RV9nb1hlaUFPZ3FkcFg2OHdQSGZhSVFyNHRoRG5oVDVkYUJFOElkR3lBTmxkYkxHaHNsY1ZsaTJTZTkwSkJYNTRWOGxxTXVLbXM0M3J3bWxqTHh4N3FNSG9tMldOYVlwQ1NSb0h6ejY5X2lDUjdYdER4cVcxaHBn?oc=5" target="_blank">Supreme Court has taken away Trump's leverage with tariff ruling, says Bessent</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Treasury Secretary Scott Bessent stated that the Supreme Court's decision to strike down tariffs imposed under emergency powers has removed President Trump's leverage, but also noted that the ruling has made the remaining leverage more 'draconian.'

Following the Supreme Court's decision to strike down a major portion of Trump's tariffs, approximately $126 billion in tariff payments are now potentially refundable, with states like California, Texas, and New York among the hardest hit.

Treasury Secretary Scott Bessent stated that the Supreme Court's decision to strike down tariffs imposed under emergency powers has removed President Trump's leverage, but also noted that the ruling has made the remaining leverage more 'draconian.'

Treasury Secretary Scott Bessent stated that the Supreme Court's decision to strike down tariffs imposed under emergency powers has removed President Trump's leverage, but also noted that the ruling has made the remaining leverage more 'draconian.'

Treasury Secretary Scott Bessent emphasized that while the Supreme Court's ruling against the administration's global tariffs removed certain leverage, it also affirmed the president's right to impose a full embargo, potentially strengthening Trump's position.

Business owners express relief following the Supreme Court's ruling against Trump's tariffs, which had imposed significant costs on U.S. businesses and consumers.