00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Trump administration warned money that overturning Trump's tariffs could threaten Social Security,
00:06Medicare, and millions of jobs, according to Axios.
00:09Solicitor General D. John Sawyer and Assistant Attorney General Brett Schumate
00:12told the federal appellate court that reversing the tariffs
00:15could require the U.S. to refund trillions from trade deals, risking economic collapse.
00:20Warning comes as the U.S. Court of Appeals for the Federal Circuit
00:22weighs whether to uphold or overturn a May decision, striking down most of Trump's tariffs.
00:27Sawyer and Schumate said the administration would pursue a new tariff program
00:30if the current one is voided, arguing it would be less effective.
00:34Trump has cautioned that a negative ruling can trigger a new Great Depression.
00:37Piper Sandler has called his trade deals illegal and predicted a Supreme Court loss by June 2026.
00:42For all things money, visit Benzinga.com.
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