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.
Comments