Treasury Secretary Scott Bessent on Wednesday said the Trump administration will still implement its ambitious tariffs should the Supreme Court rule against President Donald Trump’s use of the International Emergency Economic Powers Act to impose levies on trading partners.
Speaking at the DealBook Summit of business leaders and political figures in New York, Bessent echoed statements he made last month, citing Section 232 of the Trade Expansion Act of 1962, which authorizes tariffs on national security grounds, and Section 122 and Section 301 of the Trade Act of 1974, which target unfair trade practices.
“We can re-create the exact tariff structure with [sections] 301, with 232, with 122,” he said at the summit, sponsored by The New York Times.
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