Trump's tariffs face trial; Treasury Secretary Bessant predicts "final ruling".

The U.S. Supreme Court is scheduled to reconvene this Friday (January 9th), where it may issue a ruling on the legality of the global tariffs imposed by the Trump administration. This high-profile lawsuit is not only a major test of presidential power but will also have a profound impact on the global economy. U.S. Treasury Secretary Scott Bessent spoke at the Minnesota Economic Club on Thursday, strongly supporting the current tariff policy. Bessent stated that Trump's "strategic use" of tariffs has successfully prompted domestic and foreign companies to increase direct investment in the U.S., hire workers, and build factories. Facing the risk that the Supreme Court might overturn the current tariffs, Bessent revealed that the government has developed alternative plans. Even if the court rules that Trump abused IEEPA, the government can still continue to impose tariffs under Sections 301 and 122 of the Trade Act of 1974 and Section 232 of the Trade Expansion Act of 1962. (Jinshi)