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by Eric Daugherty, February 20, 2026, x.com/EricLDaugh
https://tinyurl.com/3zjefbuw
🚨 JUST IN: Treasury Sec. Scott Bessent just STUNNED the “Experts.” He and Trump have been making big plans, and it’s FULL-STEAM AHEAD.
Tariff revenue will be *unchanged* in 2026. Boom.
“Let’s be clear about what today’s ruling WAS and what it WASN’T. Despite the misplaced GLOATING from Democrats, ill-informed media outlets, and the very people who gutted our industrial base, the Court did not rule against President Trump’s tariffs.”
“Six justices simply ruled that IEEPA authorities* cannot be used to raise even $1 of revenue.”
“This administration will invoke alternative legal authorities to replace the IEEPA tariffs.”
“We will be leveraging Section 232 and Section 301 tariff authorities** that have been validated through thousands of legal challenges.”
“Treasury’s estimates show that the use of Section 122 authority***, combined with potentially enhanced Section 232 and Section 301 tariffs, will result in virtually unchanged tariff revenue in 2026.”
*IEEPA tariffs refer to the short-lived, legally aggressive attempt to use emergency sanctions powers for broad import taxation ~ an expansion the Supreme Court just rejected as exceeding what Congress authorized in 1977. This reinforces that major trade/tax policy changes generally require explicit congressional action or use of the specific trade laws that do allow presidential tariffs under certain conditions.
**Section 232 and Section 301 are two key U.S. trade laws that explicitly delegate authority to the President (or executive agencies) to impose tariffs (or other import restrictions) under specific conditions. These statutes have been upheld in court multiple times and remain valid tools for trade policy.
These authorities require procedural steps (like investigations) and are more limited in scope than the broad emergency powers attempted under IEEPA, but they allow significant flexibility, including high or unlimited tariff rates in some cases. The Trump administration continues to rely on them heavily in 2026, with existing tariffs (e.g., on steel, aluminum, autos, and Chinese goods) remaining in full force, and new investigations underway.
***Section 122 is a lesser-known, rarely used provision that gives the President limited, temporary authority to impose import surcharges (tariffs) or quotas to address serious U.S. balance-of-payments deficits or fundamental international payments problems. It became highly relevant today with the Supreme Court’s IEEPA ruling — when President Trump announced he would invoke Section 122 to impose a new 10% global tariff on all imports (effective in about three days from the announcement).
This serves as a short-term bridge to replace (or supplement) the broad IEEPA-based tariffs struck down by the Court, while the administration pursues longer-term measures under Section 232, Section 301, etc.
