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Bessent calls on US trade partners to ‘honor their agreements’ after Supreme Court tariff decision

By Molly Parks
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Treasury Secretary Scott Bessent is telling the U.S.’s global trade partners to honor their tariff agreements following the Supreme Court’s decision curbing the administration’s emergency tariff powers.

Bessent said that despite the court’s decision to block President Donald Trump from raising tariff revenue through the International Emergency Economic Powers Act, the Trump administration can instead implement tariffs under Sections 232 and 301 of the Trade Act of 1974.

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Scott Bessent Tariffs Treasury Department