The Globe and Mail reports in its Friday, Jan. 9, edition that U.S. Treasury Secretary Scott Bessent said on Thursday he was confident in reconstituting lost tariff revenue through other legal duties if the Supreme Court rules against President Donald Trump's emergency tariffs. A Reuters dispatch to The Globe reports that Mr. Bessent defended tariffs under the International Emergency Economic Powers Act. Mr. Bessent said: "What is not in doubt is our ability to continue collecting tariffs at roughly the same level in terms of overall revenue. What is in doubt, and it's a real change for the American people, was the President loses flexibility to use tariffs, both for national security, for negotiating leverage." The IEEPA levies have given Mr. Trump considerable influence. Mr. Bessent said a negative Supreme Court ruling means, "We'll lose national security ability [and] flexibility." The IEEPA tariffs have significantly boosted monthly customs duties revenues to about $30-billion, a fourfold increase since Mr. Trump's return to the White House. Mr. Bessent noted that using other authorities for tariffs related to national security or unfair trade practices would help maintain this revenue stream.