Bessent Says Trump Tariffs Could Return by July Under Section 301 After IEEPA Ruling
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Bessent said that tariffs put in place under the Trump administration, which appeared weakened after the Supreme Court's recent IEEPA ruling, could be restored by July by shifting authority to Section 301 of the Trade Act. He framed the move as an administrative pivot to preserve tariff leverage and revenue after the court curtailed the use of IEEPA, with the timeline aimed at restoring full tariff levels within weeks rather than months and targeting unfair trade practices from major trading partners, including China.