Trump Admin. Preps Tariff Fallback Before Court Ruling

The Trump administration is working on fallback options in case the Supreme Court strikes down any of his major tariff decisions, with the aim of replacing the levies as quickly as possible, Bloomberg News reported Saturday, citing people familiar with the matter.

The options include using Section 301 and Section 122 of the Trade Act, which grant the president the ability to impose duties unilaterally, the report added.

Reuters could not immediately verify the report.