Donald Trump claims the United States faces financial disaster if the Supreme Court blocks his global trade taxes.
Huge Financial Risk
Trump shared his fears on Truth Social this Monday. He said losing the court case would cost hundreds of billions of dollars. The total could reach trillions when including lost business investments.
The Legal Battle
The Supreme Court must decide on the president’s trade authority. Trump used a 1977 law to start these global tariffs last year. He declared a national emergency due to trade deficits. However, many groups say he bypassed Congress unfairly.
Impacts of Taxes
The tariffs hit goods from China, Canada, and the European Union. Trump wants to force fairer trade and boost local manufacturing. Still, these taxes increased costs for many American consumers. Over 1,000 lawsuits have been filed against the government.
Court Rulings So Far
Two lower courts already ruled the tariffs are illegal. The Supreme Court was expected to rule last Friday. Now, Trump warns that a loss would be a complete mess.
Trump’s Warning
The president believes the country cannot afford a defeat. He shared his blunt view of the situation online. “In other words, if the Supreme Court rules against the United States of America on this National Security bonanza, WE’RE SCREWED!”
“It would be a complete mess, and almost impossible for our Country to pay.”
