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Bessent: Tariff Rates May Be Restored Before Jul to Pre-Supreme Court Overturn Levels
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US Treasury Secretary Scott Bessent said at a Wall Street Journal event in Washington that tariff measures introduced by US President Donald Trump may return before July to the levels prior to the Supreme Court overturning the reciprocal tariff measures. The US government will implement or conduct Section 301 investigations, he noted. The authorization for Section 301 tariffs has been tested in court, enabling business leaders to begin planning and make capital expenditure decisions. Although it is difficult to determine when the impact of the Iran war will spill over to the US economy, the current economic conditions remain strong, Bessent added. He still believed that US economic growth this year is likely to easily exceed 3%, and could even reach 3.5%. Auto-translated by AI AASTOCKS Financial News |
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