Supreme Court has taken away Trump's leverage with tariff ruling, says Bessent

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.

Trump reacted to the ‌court's ruling on ⁠Friday by saying he would invoke other laws to collect ⁠tariffs, and announced a blanket 10% tariff on imports from all ​other countries.

"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.

"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.

(Reporting ​by Bhargav Acharya and Ismail Shakil;Editing ​by David Ljunggren)