US EditionTrump Warns ‘We’re Screwed’ if Supreme Court Strikes Down His Tariff Authority
Trump warns Supreme Court ruling against tariff authority could trigger repayment of hundreds of billions to trillions of dollars, threatening U.S. financial stability.
- On Monday, President Donald Trump warned on Truth Social that repaying tariff revenue could total many Hundreds of Billions of Dollars and might take years to determine who to pay.
- The administration relied on the International Emergency Economic Powers Act to justify tariffs, citing United States trade deficits, though several justices appeared skeptical during November 5 oral arguments.
- The nine justices are weighing whether Trump was authorized to impose sweeping tariffs on nearly every trading partner after two lower courts sided with businesses and the administration appealed.
- The Supreme Court could issue a ruling on the tariffs this Wednesday, with justices warning a decision against the administration could force billions in returns and risk a recession.
- Trump has publicly pressured the court for months, warning that companies and countries might demand payback for U.S. manufacturing investments, complicating the repayment process and making totals incalculable.
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Trump said that if the Supreme Court decided to cancel much of the tariffs his country would have it "practically impossible" to return the amounts collected to importers.
Trump says 'WE'RE SCREWED!' if the Supreme Court overturns his tariffs
"It would be a complete mess, and almost impossible for our Country to pay," Trump said of potential tariff refunds.Samuel Corum/Getty ImagesThe Supreme Court could rule against Trump's tariffs as early as Wednesday.Trump said that if that happens, it will be a disaster."It would be a complete mess, and almost impossible for our Country to pay," Trump wrote.President Donald Trump has a warning about a potential loss on tariffs at the Supreme Cou…
Donald Trump said on Monday that the United States would be "failed" if the US Supreme Court ruled that some of the US President's customs duties were illegal, the ruling being possible at any time in the next few days.
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