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.
During an interview with The New York Times on Dec. 3, Bessent said that “we can recreate the exact tariff structure with [sections] 301, with 232, with 122,” referring to sections of the 1962 Trade Expansion Act. He also said that the administration can impose tariffs permanently….