Svmuu News: The U.S. Supreme Court is scheduled to reconvene this Friday (January 9), at which time it may issue a ruling on the legality of the global tariffs imposed by the Donald Trump administration. This highly anticipated case is not only a major test of presidential power but will also have far-reaching implications for the global economy.U.S. Treasury Secretary Scott Bessent delivered a speech at the Minnesota Economic Club on Thursday, strongly backing the current tariff policy.Bessent stated that Donald Trump’s “strategic use” of tariffs has successfully encouraged domestic and foreign companies to increase direct investment in the U.S., hire workers, and build factories. Facing the risk that the Supreme Court might overturn the current tariffs, Bessent revealed that the government has developed contingency plans.Even if the court rules that Donald Trump has abused the IEEPA, the government can still continue to impose tariffs under Sections 301 and 122 of the Trade Act of 1974, as well as Section 232 of the Trade Expansion Act of 1962. (Jinshi)