Unlikely Supreme Court will overrule Trump tariffs
CNBC • • nation
Key Points:
- Treasury Secretary Scott Bessent stated it is "very unlikely" the Supreme Court will overturn President Trump's use of emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose tariffs, with a decision expected as soon as this week.
- Trump announced new tariffs on goods from several European countries, starting at 10% on February 1 and increasing to 25% on June 1, as leverage to negotiate the "Complete and Total purchase of Greenland," citing national security concerns.
- European leaders condemned the tariff threats, emphasizing unity and the importance of sovereignty and territorial integrity, while affirming solidarity with Denmark and Greenland.
- The U.S. and Denmark recently held a high-level meeting to discuss Greenland's future, agreeing to establish
