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  • 6/2/2025
Trump administration officials doubled down Sunday on their commitment to maintaining tariffs, according to CNBC. A federal appeals court has temporarily paused that decision, giving the administration time to prepare for a legal battle that could reach the Supreme Court. Commerce Secretary Howard Lutnick told Fox News Sunday that the tariffs “are not going away." National Economic Council Director Kevin Hassett expressed confidence on ABC News’ “This Week” that the high court would uphold the tariffs, adding that alternate legal pathways exist if needed. Trump argued that a court defeat would destroy U.S. leverage in trade negotiations and lead to “economic ruination.” The White House maintains that the tariffs are essential to enforcing reciprocal trade and protecting U.S. industry.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump administration officials doubled down Sunday on their commitment to maintaining tariffs,
00:06according to CNBC. Federal appeals court has temporarily paused that decision,
00:10giving the administration time to prepare for a legal battle that could reach the Supreme Court.
00:14Commerce Secretary Howard Lutnick told Fox News Sunday that the tariffs are not going away.
00:19National Economic Council Director Kevin Hassett expressed confidence on ABC News this week that
00:24the high court would uphold the tariffs, adding that the alternative legal pathways exist if
00:29needed. Trump argued that a court defeat would destroy U.S. leverage in trade negotiations
00:33and lead to economic ruination. The White House maintains that the tariffs are essential
00:37to enforcing reciprocal trade and protecting U.S. industry.
00:40For all things money, visit Benzinga.com slash GSTV.

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