Bessent says US can reconstitute tariff revenues if Supreme Court rules against Trump

U.S. Treasury ‌Secretary Scott Bessent said on ⁠Thursday the Trump administration would be able to reconstitute any ​lost tariff revenue by imposing ‍duties under other legal authorities if the U.S. Supreme ⁠Court ‌rules ⁠against President Donald Trump's emergency tariffs.

Bessent, ‍speaking at an Economic ​Club of Minnesota event, defended ⁠the tariffs under the International ⁠Emergency Economic Powers Act as bringing China, Mexico ⁠and Canada to the negotiating ⁠table ‌to curb fentanyl trafficking.

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