Odaily Planet Daily News: The U.S. Supreme Court is scheduled to reconvene this Friday (January 9), when a ruling may be issued on the legality of global tariffs implemented by the Trump administration. This highly anticipated lawsuit is not only a major test of presidential power but also will have far-reaching impacts on the global economy. U.S. Treasury Secretary Scott Bessent spoke at the Minnesota Economic Club on Thursday, expressing support for the current tariff policies. Bessent stated that Trump’s “strategic use” of tariffs has successfully encouraged domestic and foreign companies to increase direct investment in the U.S., hire workers, and build factories. Facing the risk that the Supreme Court may overturn the current tariffs, Bessent revealed that the government has devised alternative plans. Even if the court rules that Trump abused the IEEPA, the government can still continue to impose tariffs based on Section 301 and Section 122 of the 1974 Trade Act, as well as Section 232 of the 1962 Trade Expansion Act. (Jin10)
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