U.S. Treasury Secretary Vincent: Proposed to Defend Trump Administration's Tariff Policy
2025-09-01 22:40:57
The US Treasury secretary revealed on Monday that he plans to draft a legal brief to defend President Donald Trump's administration's tariff policies in preparation for an appeal to the US Supreme Court. Mr. Bescent said the president was using his emergency powers to curb the madness of the growing US trade deficit, which he believes is approaching a tipping point that could lead to financial instability and an unsustainable trade balance. A federal appeals court ruled on Friday that Mr. Trump had exceeded his authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs on foreign countries. Mr. Trump urged the appeals court to block Friday's second tariff defeat, which would affect ongoing US negotiations with trade rivals. Mr. Bescent predicted the court would ultimately rule in favour of the administration. The deadline for filing an appeal is October 14.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美国财长贝森特：拟为特朗普政府的关税政策辩护Next article：
美国财长贝森特：几位美联储主席人选也有望当理事
