Friday on Fox News Channel’s “The Will Cain Show,” Treasury Secretary Scott Bessent reacted to the Supreme Court’s 6-3 ruling against the Trump administration’s use of tariffs under the International Emergency Economic Powers Act (IEEPA).Bessent argued there were other mechanisms to continue tariffs, adding he did not see a loss in tariff revenue for 2026.
“So that’s what I mean, when I say that, in a way, the line from the administration seems to be that nothing has changed today,” host Will Cain said. “It’s not that the tariffs haven’t been used to control fentanyl or to control trade with China. But, rather, when I have listened to you speak so far today and the president, that you will immediately institute these tariffs, continue these tariffs through different mechanisms. You can through, I believe it’s Section 122, immediately extend these tariffs for five months, and, in the meantime, then launch investigations to extend these tariffs further under other sections of these trade acts.”
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