US EditionBessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision
Bessent cited multiple legal authorities as bases for tariffs and expressed confidence the administration will maintain its trade policy despite ongoing Supreme Court scrutiny.
- President Donald Trump's tariffs may be overturned by the Supreme Court, as discussed during a conversation at the New York Times DealBook Summit.
- Secretary Scott Bessent believes sections of the 1962 Trade Act could allow Trump's tariffs to continue if the Supreme Court rules against them.
- Bessent mentioned that China is making a 'robust effort' to limit drug flow into the U.S. due to the tariffs.
- The Supreme Court case involves the International Emergency Economic Powers Act , which has been questioned by Justices regarding its authority for tariffs.
14 Articles
14 Articles
Bessent Says White House Can Recreate Same Tariffs If It Loses US Supreme Court Case
Treasury Secretary Scott Bessent said that if the Supreme Court rules against the Trump administration’s tariffs, the government still has the capacity to impose import taxes. The high court is currently hearing a case on whether the Trump administration misapplied the tariffs under a 1977 law known as the International Emergency Economic Powers Act, which was invoked earlier this year to impose the duties on nearly every country in the world. D…
Scott Bessent Says Trump's 'Exact Tariff Structure' To Continue 'Permanently' Regardless Of Supreme Court Decision - Costco Wholesale (NASDAQ:COST)
U.S. Treasury Secretary Scott Bessent expressed confidence that the administration would be able to enforce its tariff policies, regardless of the outcome of an ongoing Supreme Court case.
U.S. Treasury Secretary Scott Bessent predicted that the Trump administration will still be able to implement its tariff agenda, regardless of whether it prevails in a pending case before the Supreme Court. Reiterating his claims before the Supreme Court hearing a month ago, Bessent cited several sections of the 1962 Trade Act that give President Donald Trump broad powers over import tariffs. "We can recreate the exact tariff structure with sect…
Treasury sec floats plan to keep Trump policy in place — even if Supreme Court strikes it
President Donald Trump's wide-ranging tariffs on virtually all imports could soon be struck down by the Supreme Court. Treasury Secretary Scott Bessent is not sweating the possibility, however, and believes there is a legal way open to the president allowing him to keep his import taxes in effect "permanently."Bessent on Wednesday appeared at the New York Times DealBook Summit, where he sat for an onstage interview with Too Big to Fail author An…
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