Bessent Reacts to 'Surprise' Tariff Loss in Supreme Court
February 21, 2026
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0:26Now PlayingBessent Reacts to 'Surprise' Tariff Loss in Supreme Court
YouTube Description
as posted by the channelTreasury Secretary Scott Bessent said any refunds from tariffs struck down by the Supreme Court would amount to “ultimate corporate welfare,” suggesting he sees no benefit flowing to American consumers.
President Donald Trump signed an executive order imposing a 10% global tariff on foreign goods, effective Feb. 24 at 12:01 a.m. Washington time.
The tariff is implemented under Section 122 of the Trade Act of 1974, which grants the president unilateral ability to impose tariffs, but puts a 150-day limit on how long the duties can remain in place.
The Supreme Court earlier ruled that Trump's use of a federal emergency-powers law to impose "reciprocal" tariffs was unlawful, invalidating those tariffs and casting doubt on separate tariffs placed on goods from Brazil and India.
#politics #trump #supremecourt #worldnews #us
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