Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision

Treasury Secretary Predicts Administration Will Implement Tariff Agenda Regardless of Supreme Court Decision

NEW YORK — Treasury Secretary Scott Bessent expressed confidence on Wednesday that the administration would still be able to carry out its tariff agenda, even if it does not prevail in the pending case before the Supreme Court.

During an interview at The New York Times DealBook Summit, Bessent reiterated his previous statements regarding the broad powers granted to the president under the 1962 Trade Act in relation to import duties.

“We can recreate the exact tariff structure with sections 301, 232, and 122,” Bessent stated, emphasizing the administration’s ability to implement tariffs permanently under these provisions.

While Section 122 allows for tariff power for up to 150 days, Sections 301 and 232 do not specify a time frame. Bessent also mentioned the International Emergency Economic Powers Act as a source of broad tariff authority, despite its current scrutiny by the Supreme Court.

President Donald Trump has heavily relied on tariffs as a negotiating tool in trade relations with other countries. Bessent highlighted the progress made with China, particularly in relation to fentanyl tariffs and efforts to curb the drug’s importation into the U.S.

Regarding the Supreme Court case, Bessent expressed optimism about the administration’s chances of prevailing.

On a different topic, Bessent avoided commenting on Trump’s potential pick for the next Federal Reserve chair, emphasizing the collaborative decision-making process within the Federal Reserve system.

In a recent interview with CNBC, Bessent mentioned the possibility of Trump announcing his decision by Christmas, although the president hinted that the announcement might be delayed until the new year.