The U.S. Treasury Secretary, Scott Bessent, stated that the Supreme Court's decision will slow economic reactions, but existing tariffs remain unchanged.
Radu Burcă
International
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During a visit to northern Texas, Treasury Secretary Scott Bessent discussed with CBS News Texas reporter Jack Fink the impact of the Supreme Court's decision that limits President Trump's emergency tariff powers. Bessent emphasized that this ruling will slow down rapid responses in the field of economic security. However, he confirmed that existing tariffs will not change, and the new global tariff of 10% will take effect in three days. This situation reflects the challenges the administration faces in managing trade and economic policies.
Sources
Treasury secretary says court ruling slows tariff response ahead of 10% global tariff
In Dallas, U.S. Treasury Secretary says Supreme Court ruling removes President Trump's ability to quickly leverage tariffs
Scott Bessent says Supreme Court strengthened Trump with 'draconian' move despite ruling on tariffs
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