00:00Treasury Secretary Scott Besson said the White House can carry out its tariff agenda even if it loses a pending Supreme Court case, pointing to multiple sections of the 1962 Trade Act that give the president broad authority over import duties.
00:14He told the DealBook Summit audience those provisions, along with the International Emergency Economic Powers Act, could recreate the administration's desired tariff structure, some even on a permanent basis.
00:26Besson emphasized that tariffs had been a key leverage tool for President Trump, citing progress with China on fentanyl-related trade issues as a success story.
00:35He also declined to comment on the president's pick for the next Fed chair, noting that the chair is just one vote on a larger board and that a decision may not come until early next year.
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