- Kevin Hassett discusses alternative tariff tools available to the Trump administration.
- These options can activate quickly if needed.
- Potential financial market implications hinge on Supreme Court ruling.
White House economic advisor Kevin Hassett revealed alternative plans for tariffs under the Trump administration on January 9, potentially activated if the Supreme Court opposes Trump’s tariff authority.
Hassett’s remarks highlight potential shifts in U.S. trade policy, influencing market sentiment and macroeconomic stability without direct ties to the cryptocurrency sector.
Hassett Outlines Tariff Alternatives Amid Supreme Court Case
Kevin Hassett confirmed in a CNBC interview that the administration holds “alternative options” regarding tariffs if the current strategy faces legal hurdles. President Donald Trump initiated these global tariffs under the International Emergency Economic Powers Act (IEEPA), prompting legal scrutiny. The U.S. Supreme Court is presently adjudicating this case.
The potential outcome is a pivotal concern for economic players. Should the Court side against the tariffs, federal revenue may shrink due to refunds owed to importers. This situation impacts Trump’s promises of a $2,000 citizen dividend.
“Our expectation is that we’re going to win, and if we don’t win, then we know that we’ve got other tools that we could use that get us to the same place.” — Kevin Hassett, Director of the National Economic Council, White House
Market Uncertainty as Court Decision Looms
Did you know? The IEEPA tariffs under Trump’s administration have faced legal challenges, mirroring past scenarios when markets reacted strongly to trade policy shifts.
Bitcoin, currently priced at $90,555.32, holds a market cap of formatNumber(1808733031470.12, 2) trillion. Despite a 0.73% drop over 24 hours, its dominance remains at 58.51%. The coming legal resolutions could alter market sentiments that cryptocurrencies might experience as broader economic effects take shape. Data by CoinMarketCap.
Insights from the Coincu research team predict fluctuations in crypto and traditional markets based on the tariff case’s outcome. Regulatory interpretations will guide the direction of technological adoption and financial policies. Each action by the government holds potential ripple effects across the global economic landscape.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
No tags available.
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- China, US Conclude Trade Talks with Focus on Cooperation
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- GMGN Completes Compensation for MEV-Affected Users
- Kevin Hassett Emphasizes Fed’s Independence Amid Trump’s Rate Suggestion
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- China, US Conclude Trade Talks with Focus on Cooperation
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- GMGN Completes Compensation for MEV-Affected Users
- Kevin Hassett Emphasizes Fed’s Independence Amid Trump’s Rate Suggestion
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- China, US Conclude Trade Talks with Focus on Cooperation
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- GMGN Completes Compensation for MEV-Affected Users
- Kevin Hassett Emphasizes Fed’s Independence Amid Trump’s Rate Suggestion
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
Latest
Press Release
Evernorth and Doppler Finance Collaborate to Power Institutional XRP Infrastructure
BingX introduces BingX TradFi, expanding access to global financial markets
