Bessent vows tariffs will stay permanently
Treasury Secretary Scott Bessent delivered a bold message at a high-profile summit, signaling that the Trump administration's tariff agenda remains unshakable.
Bessent said Wednesday that the Trump administration will proceed with its tariff policies even if the Supreme Court rules against the president's use of the International Emergency Economic Powers Act, according to a Newsmax report.
Speaking to a gathering of business leaders and political figures, Bessent pointed to alternative legal tools like Section 232 of the Trade Expansion Act of 1962, which ties tariffs to national security, and Sections 122 and 301 of the Trade Act of 1974, aimed at unfair trade practices. He made it clear that these provisions offer a sturdy fallback to maintain the tariff structure.
Legal Workarounds Signal Unyielding Resolve
"We can re-create the exact tariff structure with [sections] 301, with 232, with 122," Bessent declared at the summit hosted by The New York Times. If the Supreme Court clips the wings of emergency economic powers, the administration seems ready to pivot without missing a beat.
When pressed by CNBC's Andrew Ross Sorkin on whether these alternate measures would be a permanent fix, Bessent didn’t hesitate with his response of "Permanently." That single word underscores a determination to keep the economic pressure on, no matter the judicial outcome.
Section 122 offers a temporary window of 150 days for the tariff authority, while Sections 232 and 301 provide more flexible timelines. This mix of tools suggests a calculated strategy to sustain the policy through layered legal avenues.
China Tariffs Yield Tangible Results
Bessent highlighted a key win in the tariff battle with China, noting progress on a critical front. He pointed out that the fentanyl tariffs have spurred Beijing to crack down on exporting drug precursors.
"Because of the fentanyl tariffs, the Chinese" have made "a robust effort" at halting those shipments, he said. While some might call this a diplomatic feather in the cap, skeptics could argue it’s a small concession in a much larger trade war.
Yet, Bessent remains optimistic about broader trade commitments, particularly a recent deal struck between Trump and Chinese leader Xi Jinping in South Korea. China’s pledge to buy 12 million metric tons of American soybeans this year, with a goal of 25 million annually for the next three years, shows a willingness to play ball on agriculture.
Supreme Court Ruling Looms Large
The Supreme Court’s upcoming decision could redefine how much power future presidents wield in using emergency measures for trade policy. Bessent, however, expressed confidence that the U.S. stands a strong chance of winning the case.
Even if the ruling goes south, the administration’s readiness to lean on other statutes signals a refusal to let judicial hurdles derail economic strategy. It’s a pragmatic approach that prioritizes outcomes over legal theatrics.
Trump himself weighed in with a stark warning on Truth Social, framing any rollback of his tariff policy as catastrophic. His claim that unwinding the tariffs could devastate over $3 trillion in U.S. wealth paints a dire picture of the stakes involved.
National Security and Economic Future at Stake
Trump’s assertion that a negative court decision would be an "insurmountable national security event" carries heavy implications. It’s a reminder that tariffs, in his view, aren’t just economic tools but shields for American prosperity.
The numbers Trump cited on social media, warning of a potential $3 trillion hit, including investments and returns, aim to jolt anyone doubting the policy’s weight. While critics might question the math, the urgency in his tone demands attention to the broader risks.
In the end, Bessent and Trump appear aligned in their resolve to protect U.S. interests through tariffs, whether by courtroom victory or legislative sidestep. Their stance sends a clear signal: no ruling will soften the administration’s grip on trade policy meant to bolster American strength.





