US Edition
US May 'Unwind' EU Trade Deal if It Loses Tariff Case
President Trump warned that a Supreme Court ruling against his tariffs could force the U.S. to undo major trade agreements to maintain economic leverage and protect national interests.
- On Wednesday, President Donald Trump warned he may undo trade deals with the European Union, Japan and South Korea if tariffs are ruled illegal and said his administration will ask the Supreme Court for a quick ruling.
- Administration officials say the duties created leverage for deals, with President Donald Trump relying on the International Emergency Economic Powers Act to impose tariffs without Congress, aiming to boost federal revenue and domestic manufacturing.
- The appeals ruling and industry surveys underline legal and economic pressure as a U.S. appeals court last week ruled many tariffs illegal in a seven-to-four decision, while 72% of Texas manufacturers reported negative impacts.
- He told reporters the cost of rescinding tariffs would be high as President Donald Trump argued rescinding tariffs would be costly, though trade experts note the duties are paid by U.S. importers, not foreign companies.
- The appeals ruling now injects legal uncertainty for global trade, with trade specialists noting framework trade agreements could be unwound, linking tariffs to trillions of dollars in risk.
17 Articles
17 Articles
Trump: US may have to 'unwind' deals with countries if it loses tariff case
US President Donald Trump says his administration may have to "unwind" its trade deals with the European Union, Japan, South Korea and others, if it loses its case regarding tariffs at the Supreme Court.
US may 'unwind' EU trade deal if it loses tariff case
US President Donald Trump has said the US might have to "unwind" trade deals it reached with the European Union, Japan and South Korea, among others, if it loses a Supreme Court tariffs case, and warned that a loss would cause the US "to suffer so greatly".
Trump Warns Supreme Court Tariff Defeat Could Force US To 'Unwind' EU, Japan, South Korea Trade Deals — 'Our Country Is Going To Suffer So Greatly'
President Donald Trump warned against a Supreme Court ruling that could overturn his administration's tariff policies, saying that it could prove costly for the United States.
Trump says U.S. may have to 'unwind' trade deals and will 'suffer greatly' if it loses tariff case
U.S. President Donald Trump said on Wednesday the U.S. might have to "unwind" trade deals it reached with the European Union, Japan and South Korea, among others, if it loses a Supreme Court tariffs case, and warned that a loss would cause the U.S. "to suffer so greatly."
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