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Trump Tariffs Face Trial, US Treasury Secretary Bessent Predicts 'Final Ruling'
Summary: According to reports, the US Supreme Court is set to reconvene this Friday (January 9) and may issue a ruling on the legality of the global tariffs imposed by the Trump administration. This high-profile lawsuit not only poses a significant test to presidential power but also will have far-reaching implications on the global economy. US ...
According to reports, the US Supreme Court is set to reconvene this Friday (January 9) and may issue a ruling on the legality of the global tariffs imposed by the Trump administration. This high-profile lawsuit not only poses a significant test to presidential power but also will have far-reaching implications on the global economy. US Treasury Secretary Scott Bessent spoke at the Minnesota Economic Club on Thursday, voicing support for the current tariff policy. Bessent stated that Trump's 'strategic use' of tariffs has successfully encouraged domestic and foreign companies to increase direct investment in the US, hire workers, and build factories. In the face of the risk of the Supreme Court overturning the current tariffs, Bessent revealed that the government has developed alternative plans. Even if the court rules that Trump abused the IEEPA, the government can still continue to impose tariffs under Section 301 and Section 122 of the 1974 Trade Act, as well as Section 232 of the 1962 Trade Expansion Act.
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Link: Trump Tariffs Face Trial, US Treasury Secretary Bessent Predicts 'Final Ruling' [Copy]
