Trump Warns Supreme Court Tariff Ruling Could Leave U.S. Economy ‘Struggling For Years’

Benzinga

Trump warned the U.S. economy would “struggle for years” if the Supreme Court strikes down his tariffs, calling them vital for revenue and leverage. The court will review whether Trump exceeded his authority under the IEEPA.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02President Trump said the U.S. economy would struggle for years if the Supreme Court overturns

00:07most of the tariffs imposed this year, according to Axios. Speaking to Fox News' Maria Bartiromo,

00:14Trump said that winning the tariff case is essential because the tariffs provide

00:18critical revenue and diplomatic leverage. He said he has ended eight wars,

00:24claiming five of them were stopped through tariff leverage, including one between India

00:28and Pakistan. The Supreme Court will hear arguments in November over whether Trump

00:33exceeded his authority under the International Emergency Economic Powers Act.

00:38Lower courts ruled the law doesn't allow global tariffs, potentially voiding about 70 percent of

00:44those enacted this year. Trump called the lawsuit a politically motivated attack backed by foreign

00:49interests. For all things money, visit Benzinga.com.

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