Bessenet: The More Tariff Revenue, the Harder to Overturn Trump's Trade Policy
BlockBeats News, August 13th - U.S. Treasury Secretary Benson said in an interview with Fox Business on Tuesday that as tariff revenue continues to flow into the U.S. Treasury, if tariff litigation cases in lower courts are ultimately appealed to the Supreme Court, the growing fiscal revenue will make it difficult for the Supreme Court to make a ruling unfavorable to the Trump administration.
Benson stated: "The more fiscal revenue there is, the harder it is for the Supreme Court to make a ruling against us." This statement is in response to a case being heard by the Washington, D.C. Circuit Court of Appeals. The case questions the legality of Trump's so-called "reciprocal" tariffs and also challenges another set of tariff measures imposed in February on China, Canada, and Mexico.
You may also like
Gainers
Latest Crypto News
A trader closed a $18.8 million USD ETH short position at a profit of $909,000 USD
A whale bought 65.65 WBTC the day before liquidation and suffered a loss of $316,000.
Ripple Labs Granted Expansion of Payment Business Operations in Singapore
Arthur Hayes: If Tether holds illiquid assets, any mishap could trigger questions about overcollateralization
The current mainstream CEX and DEX funding rate indicates a weakening bearish market sentiment.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]