President trump card It said his administration should win major legal cases against its tariff authorization with legal reasons and “common sense” advantages, warning the United States will have to refund if he loses.
The Supreme Court agreed to speed up the case to its calendar to schedule oral debates in the first week of November.
gentlemen. trump card If he loses to blue states and small businesses, he said he said he taxed dozens of trading partners by using 1977 laws, a warning of economic damage.
“We will have to refund trillion dollars.” trump card said Friday on “Fox and Friends.” “We are a wealthy, strong country and when we have money we can do more for the people.”
Scott Bessent of the Treasury Department estimates that if the government loses the case and the opinions won’t be published until June, the United States will have to repay $750 billion to $1 trillion.
The case depends on whether or not trump card Legally invoke the International Emergency and Powering Country Law to impose tariffs.
The law gives the president certain powers over international business. However, the Trade Court and the Court of Appeal ruled against Mr. trump cardpointed out that the law does not even mention tariffs.
Mr Bessent suggested that the government could take what it should be to keep the tariffs under control, while Commerce Secretary Howard Lutnick told the “Axios Show” that it would be “stupid” to worry about the losses in court.
“I don’t want to talk about it. I think we’ll find something.” trump card said in his fox interview. “It’s really important to win.”
Tariffs are taxes on foreign goods entering the U.S. market. The president recently imposed tariffs on more than 67 countries, between 15 and 41%, raising its taxes to its highest level in more than a century. He consolidated the 10% blanket tariff on all imports and is implementing a 15% tax rate he negotiated with places like the EU, Japan and South Korea.
The cases before the Supreme Court will affect these tariffs, as well as his collection of drug trafficking from Canada, Mexico and China. It will not affect tariffs on specific sectors of steel, aluminum and automobiles that do not rely on IEPA laws.
gentlemen. trump cardIn the Fox interview, the case was brought up by a foreign entity, although this is not accurate. Plaintiffs are blue states and small U.S. businesses, relying on imports and claiming tariffs are a difficult one.
Overall, sir trump card It indicates that the economy is in good condition, pointing out that foreign companies have a high stock market and a large amount of investments in the U.S. manufacturing industry. He hopes the Fed will start the economy by cutting interest rates in the coming days.
Fed Chairman Jerome Powell boycotted Mr.’s call. trump card To cut interest rates, the citation was due to concerns about price inflation caused by the White House tariff plan, but as the United States saw a significant slowdown in hiring, it could almost be lowered.
“He was one year late.” trump card Mr. Powell said.
