Trump Appeals to Supreme Court, Warns of Economic Fallout if Tariffs Are Struck Down
WASHINGTONโ – Former President Donald Trump isโ appealing a recent Court of Appeal’s ruling thatโฃ deemed hisโข “reciprocal”โ tariffs illegal, arguing that losing the case would necessitate the โwithdrawal of โคmultiple tradeโ agreements and inflict “huge, โฃvery serious โขlosses” on the United โstates. The case centers onโฃ tariffs first implemented in April as part of โa trade war, with additional levies imposedโค on China, โCanada, 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 doesโ not โข impact tariffs justified on other legal โgrounds, suchโข asโฃ those on steel and aluminum imports.
Trump โemphasized the โคpotential economic disruption of removing the tariffs, a tactic trade experts believe is intended to persuade theโข Supreme โcourt to uphold them.”Our country has the opportunityโ toโ become incredibly wealthy again, โand itโ is also possible to become incredibly poor again,” Trump stated. He further warned that economists predict theโ tariffs โcould boost domestic inflation.
Ryan Majerus, a former senior US trade official โnow with King & โฃSpalding, clarified that initial agreementsโ with the EU and other partners where framework agreementsโ subject toโข change, notโค thorough trade โdeals. He suggested Trump’sโ comments โsignalโข a desire to maximize leverageโ in ongoing negotiations.
The Supreme Court’s compositionโ – โwith six Republican-nominated justices – may slightly favorโ Trump’s position,though experts caution the unprecedentedโข nature of the case makes a definitive prediction difficult.
(Translated by: Zhang xiaowen) 1140904
