{"id":29865,"date":"2026-02-21T16:27:40","date_gmt":"2026-02-21T16:27:40","guid":{"rendered":"https:\/\/cndailynews.store\/?p=29865"},"modified":"2026-02-21T16:27:40","modified_gmt":"2026-02-21T16:27:40","slug":"supreme-court-has-taken-away-trumps-leverage-with-tariff-ruling-says-bessent","status":"publish","type":"post","link":"https:\/\/cndailynews.store\/?p=29865","title":{"rendered":"Supreme Court has taken away Trump’s leverage with tariff ruling, says Bessent"},"content":{"rendered":"
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Feb 20 (Reuters) – The U.S. Supreme Court has taken away President Donald Trump’s leverage with its decision to strike down tariffs imposed under a law meant for use in national emergencies, U.S. Treasury Secretary Scott Bessent said on Friday.<\/span><\/div>\n<\/div>\n
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“The Supreme Court has taken away the President’s leverage, but in a way, they have made the leverage that he has more draconian because they agreed he does have the right to a full embargo,” Bessent told “The Will Cain Show” on Fox News.<\/div>\n

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“We will get back to the same tariff level for the countries. It will just be in a less direct and slightly more convoluted manner,” he said.<\/div>\n
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U.S. Treasury Secretary Scott Bessent gives a statement during the 56th annual World Economic Forum (WEF) meeting, at the USA House venue, in Davos, Switzerland, January 19, 2026. REUTERS\/Denis Balibouse\/ File Photo\u00a0Purchase Licensing\u00a0Rights<\/span>, opens new tab<\/div>\n<\/figure>\n
Trump reacted to the court’s ruling on Friday by saying he would\u00a0invoke\u00a0other laws to collect tariffs, and announced a blanket 10% tariff on imports from all other countries.<\/div>\n
Bessent said he believed every country was going to honor the trade agreements made with the Trump administration over the last year.<\/div>\n
“He (Trump) has a right to a complete embargo, he can just cut countries off … or he can cut whole product lines off. We can’t receive any money. So, I would call on all countries to honor their agreements and move forward,” Bessent added.<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Feb 20 (Reuters) – The U.S. Supreme Court has taken away President Donald Trump’s leverage with its decision to strike down tariffs imposed under a law meant for use in … <\/p>\n","protected":false},"author":1,"featured_media":29866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/posts\/29865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29865"}],"version-history":[{"count":1,"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/posts\/29865\/revisions"}],"predecessor-version":[{"id":29867,"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/posts\/29865\/revisions\/29867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=\/wp\/v2\/media\/29866"}],"wp:attachment":[{"href":"https:\/\/cndailynews.store\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cndailynews.store\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}