"Treasury Secretary Scott Bessent moved swiftly to contain the fallout from Friday's Supreme Court ruling that struck down key pillars of President Donald Trump's sweeping tariff regime, rebuking gloating Democrats and the ill-informed media as he vowed to press ahead using alternative powers. Speaking at the Economic Club of Dallas, Bessent sought to reframe the 6-3 decision, which found that the 1977 International Emergency Economic Powers Act (IEEPA) did not authorise the president to impose the tariffs."
"Bessent echoed Trump to insist the administration would invoke alternative legal authorities to replace the AIPA tariffs, citing Sections 232 and 301. Noting that he had not changed a word of his speech post-ruling, he added: Treasury's estimates show that the use of Section 122 authority combined with potentially enhanced Section 232 and Section 301 tariffs will result in virtually unchanged tariff revenue in 2026."
Treasury Secretary Scott Bessent moved immediately to limit consequences after the Supreme Court invalidated use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose tariffs. The Court's 6-3 majority held that IEEPA cannot authorize raising revenue and that tariff-setting during peacetime belongs to Congress. The tariffs had expanded from Mexico, Canada and China to a global scope, justified as responses to drug trafficking and trade imbalances. The administration plans to invoke alternative authorities—Sections 232, 301 and Section 122—expecting virtually unchanged tariff revenue in 2026 according to Treasury estimates.
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