U.S. Treasury Secretary says the concept of global import tariffs has been normalized, potentially affecting trade negotiations in multiple countries.

The US Treasury Secretary: The President has "normalized" the concept of imposing 15% to 20% tariffs on global imports

US Treasury Secretary Scott Bessent said at a summit of The New York Times on Wednesday that even if the Supreme Court ultimately ruled that President Trump's tariff increases under the International Emergency Economic Powers Act were illegal, the government could still fully rebuild the tariff structure based on other legal authorizations, thereby implementing the tariff policy.

He also said that from Justice Barrett's statement during the debate that revoking the tariffs would lead to "a mess," he interpreted that the Supreme Court would handle the case "very carefully" and was "optimistic" about the judgment outcome.

Bessent also defended Trump's broader tariff policies, stating that the president had "normalized" the concept of imposing 15% to 20% tariffs on global imports, giving the US more room in negotiations with major trading partners such as Japan and the European Union.

Source: rfi

Original: toutiao.com/article/1850538943763468/

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