Supreme Court to Decide on Trump Tariffs | JQJO

The Treasury Department may issue tariff rebates if the Supreme Court upholds a lower court ruling against President Trump's reciprocal tariffs. Treasury Secretary Scott Bessent stated this would be costly, while National Economic Council Director Kevin Hassett suggested alternative legal avenues. A federal appeals court deemed the tariffs an overreach of presidential power. The Trump administration appealed, arguing tariffs are vital. However, recent economic data shows a slowing job market, particularly in goods-producing sectors, potentially linked to tariff impacts. Despite the administration's claims that businesses absorb costs, major retailers warn of price increases for consumers.