NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court.
Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 Trade Act that give the president sweeping powers over import duties.
"We can recreate the exact tariff structure with [sections] 301, with 232, with 122," he said during an onstage interview at the New York Times DealBook Summit.
Asked by host Andrew Ross Sorkin — the founding editor of DealBook and co-host of CNBC's " Squawk Box " — whether the administration had to implement those measures permanently, Bessent replied, "permanently."
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