Trump Says ‘Adverse’ Supreme Court Decision on His Tariffs Would Have $3 Trillion Negative Impact

Trump and SCOTUS
by Joseph Weber

 

President Trump said Monday the Supreme Court has received “the wrong numbers” in a pending case that challenges his authority to impose tariffs under emergency powers and that an “adverse decision” by the justices could lead to a trillion-dollar national security event.

The court is set to review whether Trump’s use of the International Emergency Economic Powers Act to levy tariffs on imported goods without additional congressional approval was legal, according to Fox Business News.

Trump made the claim in Truth Social post in which he said the negative economic impact would be in the range of $3 trillion.

“The U.S. Supreme Court was given the wrong numbers,” Trump wrote in the post. “The ‘unwind’ in the event of a negative decision on tariffs, would be, including investments made, to be made, and return of funds, in excess of 3 Trillion Dollars.

“It would not be possible to ever make up for that kind of a ‘drubbing.’ That would truly become an insurmountable National Security Event, and devastating to the future of our Country – Possibly non-sustainable!”

Ted Murphy, co-leader of the global arbitration, trade, and advocacy practice at law firm Sidley Austin, told CBS News that Trump will not abandon tariffs even if the Supreme Court rules against him.

“Our view is that even if the Supreme Court were to strike down the IEEPA tariffs going forward, the result won’t be any different,” Murphy told the outlet. “The U.S. will be living in a higher tariff rate environment going forward — it just might be under different tariff authorities.”

According to SCOTUSblog, the Supreme Court “seemed skeptical” of Trump issuing tariffs by wave of executive orders.

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Joseph Weber is a reporter for Just the News.  Zachery Schmidt is the digital editor of The Star News Network and contributed to this story.

 

 

 

 


Reprinted with permission from Just the News

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