Trump Appeals to Supreme Court, Warns of Economic Fallout if Tariffs Are Struck Down
WASHINGTON – Former President Donald Trump is appealing a recent Court of Appeal’s ruling that deemed his “reciprocal” tariffs illegal, arguing that losing the case would necessitate the withdrawal of multiple trade agreements and inflict “huge, very serious losses” on the United states. The case centers on tariffs first implemented in April as part of a trade war, with additional levies imposed on China, Canada, and Mexico in February.
The Court of Appeal ruled against the legality of the tariffs by a 7-4 vote last week. Though, the current resolution does not impact tariffs justified on other legal grounds, such as those on steel and aluminum imports.
Trump emphasized the potential economic disruption of removing the tariffs, a tactic trade experts believe is intended to persuade the Supreme court to uphold them.”Our country has the opportunity to become incredibly wealthy again, and it is also possible to become incredibly poor again,” Trump stated. He further warned that economists predict the tariffs could boost domestic inflation.
Ryan Majerus, a former senior US trade official now with King & Spalding, clarified that initial agreements with the EU and other partners where framework agreements subject to change, not thorough trade deals. He suggested Trump’s comments signal a desire to maximize leverage in ongoing negotiations.
The Supreme Court’s composition – with six Republican-nominated justices – may slightly favor Trump’s position,though experts caution the unprecedented nature of the case makes a definitive prediction difficult.
(Translated by: Zhang xiaowen) 1140904
