US Supreme Court tariff decision LIVE: Kevin Hassett on potential legal paths

While Hassett did not fully specify all tools under consideration, he noted Section 301 powers and Section 122 of the Trade Act as possible alternatives. Section 301 is generally more time-consuming than the emergency powers law, while Section 122 allows the president to impose duties unilaterally but is capped in duration and maximum rate.

US Supreme Court tariff decision LIVE: US trade representative to lead plan B

Hassett said US Trade Representative Jamieson Greer is expected to spearhead the Plan B efforts.

"There are a lot of other legal authorities that can reproduce the deals we've made with other countries and can do so basically immediately," Hassett told Fox Business.

US Supreme Court tariff decision LIVE: Contingency measures ready, says Kevin Hassett

National Economic Council Director Kevin Hassett said the administration has a contingency plan in place to reinstate President Donald Trump's sweeping tariffs if the Supreme Court rules against their legality.

In an interview on Fox Business, Hassett said the backup plan would allow the levies to be put "back into place almost immediately, should the Supreme Court rule against us."

US Supreme Court tariff decision LIVE: Other legal tools available, says Kevin Hassett

National Economic Council Director Kevin Hassett emphasized that the administration has other legal options to achieve similar outcomes.

"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 told CNBC.

US Supreme Court tariff decision LIVE: White House considers alternatives if SC rules against tariffs

National Economic Council Director Kevin Hassett said the White House is preparing alternative measures should the Supreme Court rule against President Donald Trump's use of emergency powers to impose sweeping tariffs.

"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, referring to the administration's invocation of the International Emergency Economic Powers Act (IEEPA).

US Supreme Court tariff decision LIVE: Supreme Court ruling on Trump's tariffs delayed

The US Supreme Court has postponed its decision on the high-profile legal challenge to President Donald Trump's global tariffs, leaving the case unresolved for now.

US Supreme Court tariff decision LIVE: Who brought the challenges

The cases before the Supreme Court were filed by businesses affected by the tariffs and by 12 U.S. states, most of them governed by Democrats.

US Supreme Court tariff decision LIVE: Trump's use of emergency law

Invoking the IEEPA, US President Donald Trump imposed so-called "reciprocal" tariffs on imports from nearly all US trading partners, citing a national emergency tied to trade deficits.

He also used the law to levy tariffs on China, Canada and Mexico, linking them to fentanyl trafficking and the flow of illicit drugs into the United States.

US Supreme Court tariff decision LIVE: Trump defends tariffs

Trump has argued that tariffs have strengthened the US financially. In a January 2 social media post, he warned that a Supreme Court ruling striking them down would be a "terrible blow" to the country.

US Supreme Court tariff decision LIVE: Trump tariffs face tough questions from justices in November hearing

During oral arguments on November 5, justices appeared sceptical about the legality of the tariffs. Trump imposed them under the International Emergency Economic Powers Act (IEEPA), a 1977 law intended for use during national emergencies.

US Supreme Court tariff decision LIVE: Tariffs case tests presidential power

At the centre of attention is litigation questioning the legality of Trump's tariffs, widely seen as a major test of presidential authority and the court's willingness to rein in expansive claims of executive power since Trump returned to office

US Supreme Court tariff decision LIVE: Supreme Court sitting set for 10 a.m. ET (8.30 pm IST)

The Supreme Court justices will convene for a scheduled sitting at 10 a.m. ET. (8.30 pm IST)

The court may release opinions while the justices are on the bench.

Any rulings issued will be announced during this session.

US Supreme Court tariff decision LIVE: Trump tariffs challenge among cases awaiting SC rulings

The US Supreme Court may issue at least one opinion on Friday.

Several high-profile cases remain pending, including a challenge to President Donald Trump's global tariffs.

Opinions may be released during the court's scheduled sitting.

The court does not announce in advance which rulings it plans to issue.

US Supreme Court tariff decision LIVE: What Trump had said about Court ruling

Trump has claimed tariffs have made the United States stronger financially. In a social media post on January 2, Trump said a Supreme Court ruling against the tariffs would be a "terrible blow" to the United States.

US Supreme Court tariff decision LIVE: Dollar up ahead of ruling

The dollar edged up on Friday as markets awaited a US jobs report and braced for an approaching Supreme Court decision on President Donald Trump's use of emergency tariff powers.

US Supreme Court tariff decision LIVE: How could the ruling affect the Indian stock market?

Experts see a strong possibility of the Court ruling going against Trump, which could have a positive impact on the Indian stock market. They say if the Court gives a verdict that the tariffs are completely illegal, it will be a big hit to Trump, and it will be very favourable to markets like India, which have been severely impacted by Trump's tariffs.

US Supreme Court tariff decision LIVE: What would the court give its verdict on?

The US Supreme Court will now give its verdict on whether Trump can invoke the International Emergency Economic Powers Act (IEEPA) to impose tariffs without Congress's approval.