•US Supreme Court struck down tariffs imposed under emergency economic powers, prompting the Trump administration to seek alternative legal routes.
•Treasury Secretary Scott Bessent previously indicated the administration had multiple fallback options for tariffs.
•Options include using existing trade laws like Section 301 (unfair trade practices) and Section 232 (national security), which require formal investigations.
•Sector-specific tariffs on steel, aluminum, and other goods, imposed separately, remain unaffected by the ruling.
•Other strategies involve renegotiating/rebranding tariffs as targeted measures or seeking congressional authorization for new tariff powers.
