Treasury estimates tariff revenue would 'virtually unchanged' in 2026 under use of alternate authorities
WASHINGTON, Feb 20 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Friday that the Treasury Department's estimates show that the use of alternative legal authorities for tariffs will result in "virtually unchanged" tariff revenue in 2026 after the Supreme Court struck down tariffs imposed under a law meant for use in national emergencies.
"We will be leveraging Section 232 and Section 301 tariff authorities that have been validated through thousands of legal challenges," Bessent said in remarks before the Economic Club of Dallas.
"Treasury's estimates show that the use of Section 122 authority, combined with potentially enhanced Section 232 and Section 301 tariffs will result in virtually unchanged tariff revenue in 2026," he added.
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