Reported about 11 hours ago
U.S. Treasury Secretary Scott Bessent expressed optimism following a Supreme Court hearing regarding the legality of President Trump's tariffs, claiming that the plaintiffs embarrassed themselves during the proceedings. Bessent believes the Supreme Court will reverse a lower court's decision deeming the tariffs illegal. The justices raised questions about the power to impose such tariffs under a 1977 law, with Chief Justice Roberts emphasizing that tax imposition has traditionally been a congressional power. The administration hopes for a prompt ruling, although a decision timeline remains uncertain.
Source: YAHOO