White House Prepares Contingency Plans Amid Pending Tariff Ruling
The WHITE House has developed alternative strategies to maintain tariffs should courts block current measures. National Economic Council director Kevin Hassett confirmed the administration's proactive stance, emphasizing multiple legal avenues exist to replicate existing trade agreements. "We expect to prevail, but have parallel systems prepared," Hassett told CNBC, noting Trade Representative Jamieson Greer's central role in crafting fallback options.
Market participants await a pivotal court decision delayed past Friday's anticipated timeline. The ruling, now expected Wednesday, hinges on two Core issues: the applicability of emergency economic powers for tariff imposition and potential refunds to affected importers. Treasury officials anticipate a nuanced verdict rather than binary outcomes.
