00:01President Donald Trump said yesterday the U.S. might have to unwind trade deals it has clinched with the EU, Japan, and South Korea, among others, if it loses a Supreme Court case on the legality of tariffs.
00:14Trump said his administration is asking the Supreme Court to reverse a U.S. appeals court ruling last week that found many of his tariffs were illegal.
00:24He said losing the case would leave the U.S. far poorer and could jeopardize trade agreements made in recent months.
00:31He added that the U.S. has the chance to become unbelievably rich again, but would suffer so greatly if it loses.
00:39Trump said his imposition of tariffs on most trading partners had paved the way for trade deals with the EU and others that were already completed, with others still being negotiated.
00:49His comments were his first to suggest that the trade deals reached with major trading partners could be invalidated if the Supreme Court lets Friday's ruling stand.
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