Trump’s Treasury Secretary, entrusting the American Supreme Court, will declare the legal prices

The Secretary of the United States of the Treasury, Scott Bessent, said on Monday that the United States Supreme Court will maintain the use by President Donald Trump from a 1977 emergency powers to impose radical prices on most of the business partners, but he said that the administration had a safeguard plan if it is not the case.

Bessent told Reuters that he was preparing a legal dissertation for the US solicitor, who will supervise the government’s appeal to the Supreme Court, who will underline the urgency of treating decades of commercial imbalances and stopping the flow of fatal fentany in the United States.

Friday, an American court of appeal divided ruled that most Trump’s prices are illegal, undervaluating the use by the republican president of samples as a key economic policy tool. The court authorized the prices to stay in place until October 14 to give the Trump administration a chance to appeal to the Supreme Court.

Decision 7-4 of the American Court of Appeal for the Federal Circuit, in Washington, DC, tackled the legality of what Trump calls for “reciprocal” prices imposed within the framework of his trade war in April, as well as a distinct set of prices imposed in February against China, Canada and Mexico aimed at interrupting the imports of Fentanyl.

The court’s decision does not affect the prices issued by other legal authorities, such as Trump prices on imports of steel and aluminum.

Trump justified the two prices sets – as well as more recent samples – under the 1977 law on Economic Economic Powers (IEEPA). The law gives the president the power to fight against “unusual and extraordinary” threats during national emergencies.

Canada-US Trade negotiations

Canada and the United States initially had a deadline of August 1 to resolve the tariff dispute, but the date spent without resolution.

Prime Minister Mark Carney announced on August 22 that Canada would eliminate most of the counter-the-tarts it put on American products earlier this year in order to relaunch trade negotiations with Washington, but he did not provide details on collision points.

Bessent expressed his confidence that the high court supported Trump’s action.

“I am convinced that the Supreme Court will maintain it – will maintain the authority of the president to use the ieepa. And there are many other authorities which can be used – not as effective, not as powerful,” he said, speaking to Reuters during a visit to a restaurant in the suburbs of Washington.

One of these authorities, he said, could be article 338 of the Smoot-Hawley Patrif Act of 1930, which allows the president to impose prices of up to 50% for five months against imports from countries which are distinguished against American trade.

Doubles fentanyl as a legitimate reason for prices

Bessent said that the influx of Mortal Fentanyl, linked to some 70,000 deaths a year in the United States, was a legitimate reason to call an emergency.

“If it is not a national emergency, what is it?” He said, referring to thousands of overdoses of fentanyl drugs. “When can you use IEPA if not for fentanyl?”

Look | Trump’s team is based on the tariff decision:

Trump officials repel after the rules of the illegal tariff court

Managers of the Trump administration spent the weekend to postpone a decision of the American Court of Appeal that most prices against Canada were illegal. The economic adviser, Peter Navarro, described the politically motivated decision.

Bessent said that the thesis, to be subject to Tuesday or Wednesday, would focus on the idea that American trade deficits with other countries have developed for years and have reached a tilting point that could cause much greater consequences.

“We have these trade deficits for years, but they continue to become older,” he said. “We are approaching a tilting point … so preventing calamity is an emergency.”

Bessent played the idea that Trump prices brought together countries like Russia, China and India, rejecting a rally hosted in China in Shanghai from 20 leaders from non -Western countries as “performative”.

“This happens every year for the Shanghai cooperation organization,” he said. “It’s no longer the same thing. And look, they are bad actors … India feeds the Russian war machine, China feeds the Russian war machine … I think that at one point, we and the allies are going to intensify.”

The Treasury Secretary said the United States has made progress by convincing Europe to join Washington’s repression against India for its Russian oil purchases thanks to an additional 25%tariff, but he did not comment if the United States would use similar pressure on China.

China, said Bessent, would find it difficult to find sufficient markets for its goods outside the United States, Europe and other English-speaking countries. “They do not have a per capita income sufficiently high in these other countries,” he said.