Overview

• Treasury Secretary Scott Bessent said on NBC’s Meet the Press that the tariff program needs more time, adding that the administration expects a pickup later this year.
• Manufacturing payrolls have declined by 42,000 since April, including a recent drop of 12,000, as some industry leaders press for the tariffs to end.
• Treasury reported more than $31 billion in tariff receipts in August and over $183 billion year to date, figures the administration highlights as a policy positive.
• An appeals court ruled broad tariff-setting authority belongs to Congress or existing frameworks, and Attorney General Pam Bondi said the Justice Department will seek Supreme Court review.
• The appeals court allowed the tariffs to stay in effect through Oct. 14, while economists and commentators question Bessent’s claims about price impacts and job gains.