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Secretary Warns Supreme Court Ruling Could Hurt Americans

12/4/2025

Summary

Story summary

Treasury Secretary Scott Bessent warned that a Supreme Court ruling against the Trump administration's tariff regime would harm Americans.
He said tariffs under the International Emergency Economic Powers Act (IEEPA) have been crucial for trade and domestic production.
Bessent noted the ongoing appeal after federal courts struck down the IEEPA tariffs.
Costco has a lawsuit seeking refunds for tariffs, with a December 15 deadline to finalize import entries.

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Story summary

Treasury Secretary Scott Bessent warned that a Supreme Court ruling against the Trump administration's tariff regime would harm Americans.
He said tariffs under the International Emergency Economic Powers Act (IEEPA) have been crucial for trade and domestic production.
Bessent noted the ongoing appeal after federal courts struck down the IEEPA tariffs.
Costco has a lawsuit seeking refunds for tariffs, with a December 15 deadline to finalize import entries.