US Finance Minister Scott Bessnt emphasized the potential need to return tariffs that would negatively affect the Ministry of Finance if the Supreme Court would have rules against the obligations imposed by Trump’s administration on its business partners.
During an interview with the hostess of NBC Kristen Welker Scott Bessnt said, “We would have to return about half of the tariffs, which would be terrible for the treasury … It is not” ready “. If the court said, we would have to do it. ”
However, he expressed confidence in the Supreme Court for the conservative majority that favors administration, and said the problem is spinning around equilibrium rather than just financial considerations.
“I believe we will win at the Supreme Court,” he said.
Other available options
Bessnt also mentioned “many other ways” that could be monitored regarding tariffs, although “would” reduce the negotiating position of President Trump “without providing further details.
“But there are many other ways that we can take. They reduce the negotiating position of President Trump … It’s not about dollars. This is a balance. Dollars are over the amount,” he said.
According to a report by Bloomberg News, if the court has knocked these tariffs, the Trump administration can still look for other legal ways to impose them. These possibilities include the use of section 232 of the Act on Expanding Trade in order to apply import taxes in specific sectors such as semiconductors, steel and wind turbines. This part provides the President to regulate imports that represent the threat to national security.
Trump is looking for an accelerated decision from the Supreme Court
Trump is looking for an accelerated decision ‘
Recently, the US President said that his administration plans to ask for a rapid decision of the Supreme Court to annul the decision of the Federal Court, which found that many of his tariffs were unlawfully imposed.
“We are going to the Supreme Court because we need timely decisions,” Bloomberg’s report of Trump quoted. “We will ask for a speedy decision,” he added.
Previously, the Court of Appeal confirmed the decision of the international trade court that Trump had exceeded its power under the International Act on Emergency Economic Power. The appellate judges stated that the lower court should re -consider its decision to block tariffs for all parties.
(Tagstotranslate) tariffs
