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[U.S. Treasury Secretary Besent Optimistic About Supreme Court Supporting Legality of Trump Tariffs] U.S. Treasury Secretary Besent stated on December 3 that he is optimistic the Supreme Court will support the legality of the broad tariffs implemented by President Trump under the International Emergency Economic Powers Act. Speaking at the DealBook Summit, Besent said that even if the Supreme Court does not support it, the Trump administration could still re-establish the tariffs through other legal authorizations. He mentioned that Trump has normalized tariff rates of 15-20% and denied that these tariffs constitute taxes or trigger inflation expectations among U.S. consumers.

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