Trump Tariffs Struck Down: Administration Explores Fallback Options to Keep Trade Strategy Alive

• US Supreme Court struck down tariffs imposed under emergency economic powers, prompting the Trump administration to seek alternative legal routes.
• Treasury Secretary Scott Bessent previously indicated the administration had multiple fallback options for tariffs.
• Options include using existing trade laws like Section 301 (unfair trade practices) and Section 232 (national security), which require formal investigations.
• Sector-specific tariffs on steel, aluminum, and other goods, imposed separately, remain unaffected by the ruling.
• Other strategies involve renegotiating/rebranding tariffs as targeted measures or seeking congressional authorization for new tariff powers.