Bessent Says Tariff Revenue Will Be Little Changed in 2026

• Supreme Court ruling on tariffs (6-3 vote) limited the President's ability to collect revenue via IEEPA powers, but not the power to impose full embargoes.
• Other tariff mechanisms, such as Section 232 and 301 tariffs, which have withstood over 4,000 lawsuits, remain available to the President.
• The speaker expects total tariff revenue to be 'little changed' in 2026, indicating a continuation of current trade policy.
• The dispute over previously collected tariff revenue (around $175 billion) has been sent back to the International Tax and Trade Court for further review.

The speaker, Scott Bessent, discusses the implications of a Supreme Court ruling on tariffs, noting that it narrowed the President's ability to collect revenue under IEEPA but did not eliminate the power to impose embargoes or other tariffs. He anticipates that overall tariff revenue will remain largely unchanged in 2026 due to the continued use of other statutory authorities like Section 232 and 301 tariffs.