US Treasury Secretary Scott Bessent stated that tariffs imposed by former President Donald Trump could be reinstated by July 2024. This announcement comes after a Supreme Court decision deemed many of Trump's tariffs unconstitutional. Bessent emphasized that the administration plans to conduct Section 301 studies to facilitate the restoration of these tariffs. He reassured business leaders that they can begin planning around this potential policy change. Additionally, Bessent expressed optimism about the US economy, predicting growth could exceed 3.5% this year. He noted a decline in core inflation, suggesting that interest rates might decrease significantly as a result. However, the recent report indicated a rise in the headline consumer price index, primarily due to increasing gas prices.