Trump will use other tariff authorities to get to ‘same place’ if Supreme Court rules against him: Hassett

Trump will use other tariff authorities to get to ‘same place’ if Supreme Court rules against him: Hassett


Trump will use other tariff authorities to get to ‘same place’ if SC rules against him: Hassett

VIDEO4:3504:35
Trump will use other tariff authorities to get to ‘same place’ if SC rules against him: Hassett
Squawk on the Street

National Economic Council Director Kevin Hassett said Friday the White House could deploy alternative measures if the Supreme Court rules against President Donald Trump’s use of emergency powers to impose sweeping levies.

“There was a big call last night with all the principals to talk about if the Supreme Court were to rule against this IEEPA tariff, what would the next step be?,” Hassett said on CNBC’s “Squawk on the Street,” referring to the administration’s use of the International Emergency Economic Powers Act.

“There are a lot of other legal authorities that can reproduce the deals that we’ve made with other countries, and can do so basically immediately. And so our expectation is that we’re going to win, and if we don’t win, then we know that we’ve got other tools that we could use that get us to the same place,” he said.

Watch CNBC’s full interview with White House National Economic Council Director Kevin Hassett

VIDEO18:1618:16
Watch CNBC’s full interview with White House National Economic Council Director Kevin Hassett
Squawk on the Street

Hassett said U.S. Trade Representative Jameson Greer has been closely involved in mapping out contingency plans.

The Supreme Court’s first decision day of 2026 came and went Friday without a ruling on the legality of Trump’s tariffs.

Hassett is one of the finalists for the Federal Reserve chair job as Trump moves close to picking a successor to Jerome Powell, whose term as chair is up in May.

“I’m really happy with the job I have here,” he said. “We’ll see what the president thinks about where I should be.”



Source

Apollo’s John Zito questions private equity’s software valuations: ‘All the marks are wrong’
Finance

Apollo’s John Zito questions private equity’s software valuations: ‘All the marks are wrong’

Key Points Apollo executive John Zito said private equity firms are broadly misstating the value of their software holdings, telling UBS clients last month that “all the marks are wrong.” Zito warned that lenders to smaller software companies could recover as little as 20 to 40 cents on the dollar, implying deep losses. Apollo sought […]

Read More
Stocks making the biggest moves midday: Nvidia, Peloton, Meta, Dollar Tree & more
Finance

Stocks making the biggest moves midday: Nvidia, Peloton, Meta, Dollar Tree & more

Check out the companies making the biggest moves in midday trading: Peloton — The connected fitness company, known for its at-home Bike and Tread products, announced a new commercial series for high-traffic gyms on Monday. Shares gained 4.5%. Meta — Shares of the Facebook parent rose more than 2% after Reuters reported that Meta anticipates […]

Read More
Stocks making the biggest moves premarket: Micron Technology, Nebius Group, Dollar Tree & more
Finance

Stocks making the biggest moves premarket: Micron Technology, Nebius Group, Dollar Tree & more

Check out the companies making the biggest moves before the bell: Nebius Group — The artificial intelligence infrastructure company rallied 14% after announcing a deal with Meta. As part of the agreement, Nebius will “provide $12 billion of dedicated capacity across multiple locations,” it said in a statement. This comes after the firm announced another […]

Read More