The US Treasury Secretary is optimistic about the Supreme Court tariff case

According to the Wall Street Journal, after participating in oral arguments in the U.S. Supreme Court's tariff case, U.S. Treasury Secretary Vincent Bescent said at the White House that he was "very optimistic" that the administration would win. Bescent then also addressed an apparent contradiction between President Trump and his deputy attorney general in talking about tariffs: As recently as Wednesday, Trump also said that tariffs are a significant source of revenue for the federal government, while his lawyers argued to the court that increasing revenue is not the goal of the levy - an important legal distinction. Bescent said tariffs are a wall designed to protect U.S. manufacturing, and he believes that tariff revenue will decline over time as domestic industry grows and displaces imports. "So the goal is balance," Bescent said.