Trump Warns of Economic Chaos if Tariffs Are Struck Down by Courts

1 min read
Source: The New York Times
Trump Warns of Economic Chaos if Tariffs Are Struck Down by Courts
Photo: The New York Times
TL;DR Summary

President Trump and his advisers are contesting a federal appeals court decision that invalidated many of his tariffs, arguing that losing the ability to impose tariffs under the International Emergency Economic Powers Act would harm the U.S. economy and military power. The administration plans to appeal to the Supreme Court, but a loss could lead to significant financial and diplomatic repercussions, including the potential need to refund billions in tariffs and the unraveling of trade deals.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

6 min

vs 7 min read

Condensed

94%

1,34576 words

Want the full story? Read the original article

Read on The New York Times