In fact, the case of Donald Trump’s tariffs has reached the Supreme Court in America. This is why Donald Trump is scaring Americans even before the decision. He is repeatedly saying that this will ruin the country. He is warning of the ruin of the American economy. A hearing on Trump’s tariffs is scheduled to be decided today or tomorrow in the US Supreme Court. This is going to be the decision not only on Donald Trump but also on the coming tariff disaster for the world. If Donald Trump wins in the US Supreme Court, then many countries of the world will face difficult economic times in the coming times. At the same time, if Trump loses the case, it will be the biggest blow to his government and he will have to change his economic policies from beginning to end.
On his social media platform Truth Social, Donald Trump wrote that if the Supreme Court gives a verdict against the government, America may have to return hundreds of billions of dollars of tariffs already collected. This will ruin our economy. Apart from this, additional payment may also be demanded from those countries and companies which have invested in factories, plants and equipment to avoid duty.
Why is Trump crying for destruction?
Donald Trump wrote, ‘When these investments are also added, the matter reaches trillion dollars.’ He described the potential loss as a complete mess and warned that it would be almost impossible for the country to return such a huge amount. Trump said that it will take many years to decide who has to be paid, how much and in what time. Describing the tariffs as a national security benefit, Trump said any claim that payments could be made quickly and easily is false. He wrote, ‘Anyone who says this can be done quickly and easily is wrong, incomplete or completely misunderstanding.’
Why is this comment of Trump important?
This comment of Donald Trump has come at a time when the Supreme Court is considering a petition challenging his tariff rights. On Friday, the Supreme Court did not give any decision in this matter, while it was expected that the decision could come soon. The Court issued an opinion in only one other case, which was not related to tariffs. It is not clear yet when the decision will come. However, the Supreme Court will issue its decisions next time on Wednesday.
However, there are two important questions at the heart of this matter: Was the administration justified in using emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose blanket tariffs, and will importers get refunds if these powers are misused?
What is Trump’s argument?
Even if the White House loses the case, the administration has other legal options to impose tariffs that do not require emergency powers. However, Trump insisted that canceling the tariffs would weaken America’s economic strength. He wrote, ‘When America shines, the world also shines. If the Supreme Court rules against the United States of America on this national security bonanza (tariffs), we will be ruined.
What will happen if the Supreme Court rules against Trump tariffs?
- Tariff refunds worth hundreds of billions of dollars may have to be given.
- The huge revenue already collected will be lost, which will increase the budget deficit.
- Trump’s core economic policy and America First agenda will suffer a major blow.
- The ongoing trade negotiations with foreign countries may weaken.
- Many informal trade deals made earlier will be questioned and may break.
- There will be strict constitutional limits on the emergency power of the President.
- Trump’s image and political power will be seriously damaged.