New Delhi, Jan. 20 -- Treasury Secretary Scott Bessent said on Sunday (January 18) that it is "very unlikely" the Supreme Court will overturn President Donald Trump's use of emergency powers to impose tariffs on several countries.

A potential ruling is expected as soon as this week.

"I believe that it is very unlikely that the Supreme Court will overrule a president's signature economic policy," Bessent told NBC. "They did not overrule Obamacare, I believe that the Supreme Court does not want to create chaos."

The Supreme Court is expected to rule on Trump's use of IEEPA. The law grants the President broad authority to deploy economic tools in response to an "unusual and extraordinary threat."

Trump used the powers granted under the I...