970x125
President Trump on Friday warned it would be a major strain on the United States economy if the Supreme Court were to rule against him using emergency powers to justify sweeping tariffs on trading partners.
“I don’t want to talk about it. I guess we’ll find something, but it would be a very tough thing,” Trump said on “Fox & Friends.”
The Supreme Court announced Tuesday it will take up the tariff case, expediting the schedule so the justices take the bench for oral arguments in the first week of November. Justices will hear appeals in several underlying cases that concern whether the International Emergency Economic Powers Act (IEEPA) authorizes Trump’s sweeping tariffs.
The president stressed the high stakes of the tariff case as it has reached the high court.
“That case is really important to win because it’s made us a rich country, it’s made us a rich country,” Trump said, adding that the case is “so important” in the high court.
“This economy, if we [don’t] win the tariff case — which we should on the legal merits, on common sense merits — we would have to give back trillions of dollars,” Trump said. “We would have to give back trillions and trillions of dollars… that case is one of the most important cases in the history of our country.”
A loss in the Supreme Court would be devastating for the president’s efforts to reconstruct the global trade landscape, while a victory could cement new presidential powers and give Trump a huge victory on one of his top agenda items.
