Bessent: Administration Can Still Impose Tariffs
Update: 2025-12-03
Description
Treasury Secretary Scott Bessent asserts that the administration can still impose tariffs, even without a Supreme Court victory. He cites the Trade Act of 1962, particularly sections 301, 232, and 122, as providing the necessary authority. Bessent also mentions the International Emergency Economic Powers Act, currently under Supreme Court review. He highlights successes, such as Chinas increased fentanyl control due to new tariffs. Despite ongoing disagreements with China, Bessent expresses confidence in winning the Supreme Court case. He remains tight-lipped on the next Federal Reserve chair, emphasizing the boards collective decision-making process.
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