Part 7/10:
An upcoming Supreme Court case questions whether President Trump had the legal authority to impose tariffs independently, challenging the scope of executive power versus congressional authority. Bessant is optimistic about the legal standing of the actions taken, pointing to recent examples—such as China's October 8 threat to restrict rare earth exports—that demonstrate the emergency powers granted to the President.
He argues that these measures are justified given the urgent economic and national security threats posed by China's trade practices and strategic ambitions.