U.S. Treasury Secretary Scott Bessent says Donald Trump will still be able to levy tariffs on foreign goods even if the U.S. Supreme Court rules against the president.
Speaking Wednesday at the New York Times DealBook Summit, Bessent cited specific sections of the 1962 Trade Act that he said would continue to give Trump the power to invoke import duties regardless of the court decision.
“We can recreate the exact tariff structure with (Sections) 301, with 232, with 122,” Bessent told host Andrew Ross Sorkin, founding editor of DealBook and co-host of CNBC’s _Squawk Box_.
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According to Section 122 of the Trade Act, tariff powers are allowed for only 150 days. However, the other sections are less clear on an exact time frame.
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