Tariff policies could 'unwind,' Trump says, if Supreme Court won't back him
By: By Jeff Mason and Andrea Shalal - Reuters (via Canada's Global News)
S E E D E D C O N T E N T
Tariff policies could 'unwind,' Trump says, if Supreme Court won't back him
United States President Donald Trump said his administrations plans to ask the Supreme Court to validate his emergency tariff policy which was struck down in lower courts.
United States President Donald Trump said on Wednesday the U.S. might have to "unwind" trade deals it has clinched with the European Union, Japan and South Korea, among others, if it loses a Supreme Court case on the legality of tariffs.
Trump, speaking to reporters at the start of a meeting with Polish President Karol Nawrocki, said his administration was asking the Supreme Court to reverse a U.S. appeals court ruling last week that found many of his tariffs were illegal.
Losing that case would leave the United States far poorer, and could jeopardize trade agreements made in recent months, he said, adding that he thought the administration would prevail.
"Our country has a chance to be unbelievably rich again. It could also be unbelievably poor again. If we don't win that case, our country is going to suffer so greatly, so greatly," he said.
Trump said his imposition of tariffs on most trading partners had paved the way for trade deals with the EU and others that were already completed, with others still being negotiated.
"We made a deal with the European Union where they're paying us almost a trillion dollars, and you know what? They're happy. It's done. These deals are all done," he said. "I guess we'd have to unwind them."
Trump's comments were his first suggesting that the trade deals reached with major trading partners could be invalidated if the Supreme Court lets Friday's ruling stand.
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As I see it, this will be a test of the integrity of the SCotUS conservative justices.
Let's don't jump straight to that conclusion.
This could simply be a test of how well the legal teams presents their cases, and/or how well Trump's people constructed the tariffs with an eye toward compliance with existing statute.
Truth be told, none of us are expert enough in US law to say definitively whether or not all of this complies. This is also likely to be an area where reasonable, honest, high integrity people can see the matter differently and arrive at different conclusions.
Okay, we'll soon see if the SCotUS will take up the case, and if they do it won't be argued until November.
Check this out as well:
Trump asks Supreme Court to quickly take up tariffs case and reverse ruling finding them illegal
LINK -> Trump asks Supreme Court to quickly take up tariffs case | AP News