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Scott Bessent: “Section 301 which President Trump used in his first term has…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Scott Bessent: Inside Trump's Treasury; War Costs; & Why Bond Market is King

Published | Video Starts at 43:19

These investigations are part of the normal course of business. The Supreme Court ruled that the President does not have the ability to use IPA tariffs, the emergency power to apply tariffs. But the Section 301 which President Trump used in his first term has been challenged more than 4,000 times in court. So all we're doing is reconstructing the tariffs under a different authority that I would expect that everyone just goes back to the deal they had within the 150 days that we're allowed to use the Section 122 tariff. (43:19–43:29)

CLAIM

Asserts that Section 301 tariffs used by President Trump have faced over 4,000 legal challenges.

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