Bloomberg: Bessent Warns of US ‘Embarrassment’ If Tariffs Ruled Illegal

Trump cabinet officials told a federal appeals court that ruling president’s global tariffs illegal would seriously harm US foreign policy, with Treasury Secretary Scott Bessent warning of “dangerous diplomatic embarrassment.”

The administration on Friday filed statements by Bessent, Commerce Secretary Howard Lutnick and Secretary of State Marco Rubio in the US Court of Appeals for the Federal Circuit in Washington. The court is expected to decide soon whether President Donald Trump exceeded his authority to impose tariffs under a 1977 emergency powers law.

Bessent, Lutnick and Rubio’s statements were filed in support of a request that any ruling against the administration be immediately put on hold until the US Supreme Court issues a final decision. Failing to do so would have “devastating and dire consequences,” Lutnick said.

During July 31 oral arguments before the Federal Circuit, the administration’s claims of broad tariff power were met with skepticism, suggesting the judges might side with separate challenges filed by a group of small businesses and a coalition of Democratic-led states. Friday’s filing seems to suggest the administration is worried about precisely that outcome.

The cabinet secretaries said that a ruling invalidating tariffs would undo months of negotiations with the European Union, Japan, South Korea and other nations. Bessent said the president’s ability to quickly impose tariffs had prevented other nation’s from responding in kind.

“Suspending the effectiveness of the tariffs would expose the United States to the risk of retaliation by other countries based on a perception that the United States lacks the capacity to respond rapidly to retaliation,” the Treasury secretary said.

Trump’s tariffs were ruled illegal in May by the US Court of International Trade, which found that tariff power belongs to Congress and Trump improperly claimed authority under the International Emergency Economic Powers Act. That decision was put on hold by the Federal Circuit for the appeal, allowing the administration to continue threatening tariffs during the negotiations cited by Bessent, Lutnick and Rubio.

Lutnick said tariffs had brought foreign powers to the negotiating table “in ways that no other president came close to achieving” and told the court that an adverse ruling would “send a signal to the world that the United States lacks the resolve to defend its own economic and national security.”

Rubio said Trump used his IEEPA authority in connection with highly sensitive negotiations to end Russia’s war in Ukraine and claimed there could be “severe consequences for ongoing peace negotiations and human rights abuses” if the court ruled against the administration.

Dumb asses deserve to be embarassed. Just one more “correction” for our most incompetent and corrupt government ever!!!

https://archive.is/6g0D5#selection-1615.0-1654.0

Associated Press: Federal court blocks Trump from imposing sweeping tariffs under emergency powers law

A federal court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump’s signature set of economic policies that have rattled global financial markets, frustrated trade partners and raised broader fears about inflation intensifying and the economy slumping.

The ruling from a three-judge panel at the New York-based U.S. Court of International Trade came after several lawsuits arguing Trump’s “Liberation Day” tariffs exceeded his authority and left the country’s trade policy dependent on his whims.

https://apnews.com/article/trump-tariffs-trade-court-0392dbd59f548e49ad4f64254ae3f94a

Vox.com: The first federal court hearing on Trump’s tariffs did not go so well for Trump

A federal court held the very first hearing on President Donald Trump’s wide-ranging, so-called Liberation Day tariffs on Tuesday, offering the earliest window into whether those tariffs — and potentially all of the shifting tariffs Trump has imposed since he retook office — will be struck down. The case is V.O.S. Selections v. Trump.

It is unclear how the three-judge panel that heard the case will rule, but it appears somewhat more likely than not that they will rule that the tariffs are unlawful. All three of the judges, who sit on the US Court of International Trade, appeared troubled by the Trump administration’s claim that the judiciary may not review the legality of the tariffs at all. But Jeffrey Schwab, the lawyer representing several small businesses challenging the tariffs, also faced an array of skeptical questions.

https://www.vox.com/economy/412966/supreme-court-tariffs-donald-trump-trade-vos-selections