Trump Warns Of Economic Disaster If Supreme Court Overturns His Emergency Tariff Authority

Benzinga

Trump warned that the U.S. could face an economic and national security crisis if the Supreme Court overturns his tariff authority. He says tariff revenue would fund $2,000 payments to Americans and help cut national debt, while the court’s ruling could force massive refunds.

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

00:03President Trump warned that the U.S. faced an economic and national security disaster

00:07if the Supreme Court ruled against his use of emergency powers to impose tariffs on nearly

00:12every country, according to Reuters. He said his administration planned $2,000 payments to lower

00:19and middle-income Americans funded by tariff proceeds, with the rest used to reduce U.S.

00:24debt. Top economic advisor Kevin Hassett cited a surge in tax revenues as enabling the payments.

00:31The court's pending ruling could require refunding more than $100 billion in tariffs if Trump loses,

00:36though he claimed repayments could exceed $2 trillion. Trump argued that inflation was easing

00:42and projected it would fall to 1.5% pretty soon. For all things money, visit Benzinga.com.

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