Loading ...Update from Scott Bessent, US Secretary of the Treasury.
(Posted by EricLDaugh on X. Videoclip of Bessent in his post).
“Let’s be clear about what today’s ruling WAS and what it WASN’T.
Despite the misplaced GLOATING from Democrats, ill-informed media outlets, and the very people who gutted our industrial base, the Court did not rule against President Trump’s tariffs.”
“Six justices simply ruled that IEEPA authorities cannot be used to raise even $1 of revenue.”
“This administration will invoke alternative legal authorities to replace the IEEPA tariffs.”
“We will be leveraging Section 232 and Section 301 tariff authorities that have been validated through thousands of legal challenges.”
“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.”