Andrew Ross Sorkin is wicked smart.
He interviewed The Treasury Secretary Scott Bessent - who was hostile towards him. Clearly he knows more about economics than Bessent.
Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision
NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 Trade Act that give the president sweeping powers over import duties.
“We can recreate the exact tariff structure with [sections] 301, with 232, with 122,” he said during an onstage interview at The New York Times DealBook Summit. Asked by host Andrew Ross Sorkin — the founding editor of DealBook and co-host of CNBC’s “Squawk Box” — whether the administration had to implement those measures permanently, Bessent replied, “permanently.”
Section 122 allows for tariff power up to 150 days, but 301 and 232 are less definitive on a time frame. Bessent also cited the International Emergency Economic Powers Act as providing broad tariff authority, though that is the use under scrutiny by the Supreme Court.
President Donald Trump has used tariffs as a favorite negotiating tool against U.S. trading partners. The president has slapped duties on a wide range of products and virtually all imports that come into the country, though he has backed off on many of the more aggressive measures.
https://www.cnbc.com/2025/12/03/bessent-says-us-will-be-able-to-replicate-tariffs-even-if-it-loses-supreme-court-decision.html
ARS's book 1929 is #1 on the NYT bestseller list.
= new reply since forum marked as read
Bullshit!
He's using them as stongarm tactics to bully every country on the planet into giving him $$ and deference.
