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U.S. Treasury Secretary: The more tariff revenue, the harder it is to overturn Trump's trade policy.
Golden Finance reported that U.S. Treasury Secretary Basent stated in an interview with Fox Business Channel on Tuesday that as tariff revenues continuously flow into the U.S. Treasury, if the lower court's tariff lawsuit is eventually appealed to the Supreme Court, the rising fiscal revenue will make it difficult for the Supreme Court to make a ruling unfavorable to the Trump administration. Basent said, "The more fiscal revenue, the more difficult it is for the Supreme Court to make a ruling against us." This statement was made in response to a case currently being heard by the U.S. Court of Appeals for the D.C. Circuit. The case questions the legality of what Trump calls 'reciprocal' tariffs, as well as another set of tariffs imposed on Canada, Mexico, and China in February of this year.
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