Trump tariffs could be restored by July after Supreme Court setback, says Bessent

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Treasury Secretary Scott Bessent stated that President Trump's tariffs, struck down by the Supreme Court, could be restored by July using Section 301 studies. Trump seeks alternative authorities after courts ruled his emergency powers unconstitutional. A temporary 10% import duty expires July 24, 2026. Section 301 investigations into industrial overcapacity and forced-labor practices may lead to future duties. Bessent also noted strong economic growth prospects and declining core inflation.

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