US EditionBessent: Unlikely Supreme Court will overrule tariffs, Trump's 'signature economic policy'
Treasury Secretary Scott Bessent stated the Supreme Court is unlikely to overturn Trump's emergency tariffs on Europe, imposed to advance U.S. national security interests in Greenland.
- On Sunday, Treasury Secretary Scott Bessent said `I believe that it is very unlikely that the Supreme Court will overrule a president's signature economic policy` as tariffs on goods from eight European countries start Feb. 1.
- Framed as a security measure, the Trump administration says a U.S. acquisition of Greenland, Arctic territory of Denmark, is critical to counter Russia and China, invoking the International Emergency Economic Powers Act.
- Providing evidence, the Treasury highlighted that `The national emergency is avoiding a national emergency`, citing global competition in the Arctic, the Golden Dome missile shield, and European energy reliance on Russia.
- European leaders responded that leaders in Greenland and Denmark have widely rejected Trump's demands, while Emmanuel Macron, French President, called the tariff 'unacceptable' and will ask the European Union to retaliate.
- Looking ahead, the Supreme Court could rule soon on Trump's IEEPA tariffs while Scott Bessent called concerns about NATO and Greenland a 'false choice' as European leaders debate U.S. security.
14 Articles
14 Articles
Bessent Says Weak Europe Means Trump Must Take Greenland for US
(Bloomberg) — Treasury Secretary Scott Bessent amplified President Donald Trump’s message to European allies that the US won’t back down on taking over Greenland, saying the continent is too weak to ensure its security.
US President Trump wants to split Europe with additional tariffs against those countries that reject his annexation fantasies. In response to this economic declaration of war, the EU must declare the economic alliance case.
On Saturday, the US President threatened several European countries that had sent military personnel to Greenland with new tariffs if the territory was not "fully sold" to the United States.
Trump Imposes Tariffs on Europe, Demands Denmark Sell Greenland for ‘World Peace’ - Real News Now
President Donald Trump turned up the heat on Denmark and its European allies Saturday, announcing sweeping new tariffs on eight nations as part of a pressure campaign to force the sale of Greenland to the United States. Beginning February 1, goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland will be slapped with a 10% tariff. If no deal is reached, that figure will jump to 25% by June 1 — and st…
Finance Minister does not believe that the US Supreme Court will rule against Trump on tariff issues, but expert doubts.
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