Scott Bessent is hesitant about refunding Trump’s IEEPA tariffs while the administration introduces an alternative plan.
Bessent Holds on Tariff Refunds After Supreme Court Ruling In Washington, Treasury Secretary Scott Bessent has paused the implementation of a lower court’s decision regarding rebates linked to President Trump’s International Emergency Economic Powers Act (IEEPA) tariffs, following a recent Supreme Court ruling. “The Supreme Court didn’t really address that,” Bessent mentioned during an appearance […]
If the Court Ends Trump’s IEEPA Tariffs, Here’s How the America First Trade Plan Continues
Trump’s plan for releasing tariffs on April 2 might be reaching a critical point. A recent ruling from the Court of Appeals stated that using the International Economic Emergency Powers Act (IEEPA) to impose these tariffs is illegal. This poses a challenge, yet America’s first trade agenda could continue. Interestingly, neither Treasury Secretary Scott Bescent […]