The US Supreme Court Strikes Down Trump's Tariffs. The administration is preparing a counterattack
During a speech in Dallas, Scott Bessent announced that the canceled tariffs will be replaced by new ones introduced under different legal provisions.
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He also emphasized that Donald Trump's administration has the appropriate tools to keep customs revenues unchanged until 2026.
The court did not rule against Donald Trump's tariffs
In his speech, the Minister of Finance referred to the decisions of six judges of the Supreme Court, who concluded that the International Emergency Economic Powers Act (IEEPA) cannot be used as a basis for generating customs revenue.
However, Scott Bessent pointed out that the judgment is not directed against tariffs themselves.
“Despite the baseless triumph of Democrats, a misinformed media and the people who destroyed our industrial base, the court did not rule against President Trump's tariffs,” he said.
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In an interview with Fox News, the minister again criticized the court's decision, defining it as weakening the president's tools to immediately influence the economic situation. He also assured that tariff revenues will not be reduced, although their implementation will now be “less direct and slightly more complicated”.
The Supreme Court invalidates a key tool of Donald Trump
The Supreme Court's decision concerned customs duties imposed by President Donald Trump under the IEEPA Act, which was previously used mainly to introduce sanctions. These regulations formed the basis for most tariffs, including the 10%. fees on goods imported from almost all countries in the world.
Scott Bessent expressed his belief that Despite the verdict, all countries will respect trade agreements concluded with the US over the last year.
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“We will return to the same level of tariffs for individual countries,” he announced, pointing to the administration's determination to maintain trade policy despite the restrictions resulting from the court's decision.
