'They Ruled Against Our Country': Trump Rails Against Federal Appeals Court's Tariff Ruling

Forbes Breaking News

Speaking to reporters in the Oval Office, President Trump slammed the federal appeals court that ruled against his tariffs.

Transcript

00:00Regarding that federal appellate court that ruled against you and your administration as it relates to your ability.

00:04Well, they ruled against our country, the court, and they ruled against us before.

00:08It's a very liberal court.

00:10You called it highly partisan in your social media.

00:11Well, it certainly is. It certainly is.

00:13And in fact, it was along ideological lines, seven to four.

00:16Well, except that we actually got one of the Obama judges that was appointed by President Obama

00:21voted in favor of the tariffs because he felt it was imperative for our country to thrive and survive even.

00:30And I gave him credit. I said, you know what?

00:32That took a lot of courage for him to do it because you don't see that often.

00:35So my question is, I imagine, I suspect you're going to appeal that all the way to the Supreme Court.

00:41Well, we already have. You know, in fact, we're doing something else.

00:43We're going to be going to the Supreme Court, we think, tomorrow because we need an early decision.

00:48I mean, look, the the financial fabric of our country, we're a rich, incredible country right now.

00:55And we're able to, you know, other countries use tariffs on us for years.

00:58And we never did. I did a lot during my first term.

01:03But then we had COVID and we had to focus on other things.

01:06You couldn't be tariffing Italy, Spain, France, as they were dying by the thousands and millions.

01:13But we did with China and China paid us billions and billions of dollars.

01:18And I started the process, but then I had to end it a little bit because of COVID.

01:21We focused on that. But no, it's a very important decision.

01:27And frankly, if they make the wrong decision, it would be a devastation for our country.

01:33We've taken in trillions of dollars.

01:37And by the way, all these countries signed agreements as an example.

01:40They signed. They're all happy. Everybody's happy.

01:43But some whack job put in a lawsuit.

01:46It went before a very liberal court.

01:49And the liberal court ruled. It was 11.

01:52They ruled seven to four with one of the most liberal of them all voting in our favor because they're patriots.

01:59I think I give tremendous credit to that judge.

02:03And now it's going to the Supreme Court.

02:05Now we're going to be asking for early admittance.

02:08We're going tomorrow and we're going to ask for expedited and expedited ruling because, you know,

02:15when you look at the stock markets down today, the stock markets down because of that, because the stock market needs the tariffs.

02:21They want the tariffs.

02:21Because if you look at AI, all of those, you know, all of that money that's going to be invested, trillions and trillions of dollars,

02:29the biggest thing, bigger than the Internet, I suspect.

02:32It's the Internet plus three or four other things combined.

02:36We are leading very substantially with AI.

02:40We're leading because of tariffs.

02:42We're leading because of talent.

02:43And this is where they'd like to be.

02:45But without the tariffs, we wouldn't have a chance because we wouldn't be able to protect those investments of the companies coming in.

02:51So if you took away tariffs, we could end up being a third world country.

02:58That's how that's how big the rule.

03:00So we're asking for an expedited ruling.

03:03As a backstop to that president, you have a Republican controlled Congress.

03:08You control the House.

03:09You control the Senate.

03:10But we don't have 60 votes.

03:12We don't have 60 votes.

03:13I'd love to do that.

03:14Oh, if we had if we had 60 senators, if we got the 60 votes, we would get them.

03:19But we need 60 votes and we need, you know, a certain number in the House.

03:25We'd get I think we'd get I don't know.

03:27We have about five of them here.

03:28Would everybody agree with me on tariffs?

03:30Without tariffs, we're a different country.

03:32We have taken in so much money.

03:35And here's the thing.

03:37We signed a deal with Japan.

03:38They're paying us hundreds of billions of dollars.

03:41We signed a deal with South Korea.

03:42We signed a deal with the European Union.

03:45We signed a deal with Europe.

03:49And those countries are paying us nine hundred and fifty billion dollars.

03:53And they're happy about it.

03:54They're OK.

03:55As one of them said, it's amazing that we got away with it so long.

03:59One of my friends, a leader of one of the countries.

04:02And they're fine with it.

04:04They all signed.

04:05If that ruling ever went against us, I guess we'd have to give back hundreds of billions.

04:13We would have to give trillions and trillions of dollars back to countries that have been ripping us off for the last 35 years.

04:21And I can't imagine it happening on a legal basis.

04:26They have no legal basis whatsoever.

04:28But on a common sense basis, it would destroy America.

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