US Treasury Secretary: 'Supreme Court unlikely to invalidate Trump’s key economic policies'

Source
JH Kim

Summary

  • US Treasury Secretary Scott Bessent was quoted as saying it is highly unlikely that the US Supreme Court will invalidate key economic policies of US President Donald Trump.
  • Bessent said he is skeptical the Supreme Court would overturn the administration’s overall economic policy agenda, emphasizing that the risk of undermining policy continuity is not significant.
  • The US Supreme Court is expected to issue a ruling at midnight on Jan. 21 related to the Trump administration’s tariff policy, which is set to address its legality.

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According to Walter Bloomberg, an economic breaking-news account, on the 20th (local time), US Treasury Secretary Scott Bessent said it is "highly unlikely that the US Supreme Court will invalidate key economic policies of US President Donald Trump."

Bessent expressed skepticism that the Supreme Court would overturn the administration’s broader economic policy agenda, stressing that any legal ruling is unlikely to go so far as to undermine policy continuity.

Meanwhile, the US Supreme Court is expected to issue a ruling at midnight on Jan. 21 (Korea time) related to the Trump administration’s tariff policy. The decision is set to address the legality of the tariff policy pursued by the Trump administration.

Scott Bessent, US Treasury Secretary. Photo=Shutterstock
Scott Bessent, US Treasury Secretary. Photo=Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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