Trump defends tariffs, warns of economic downturn if challenged
TL;DR Summary
President Donald Trump warned U.S. courts against blocking his tariff policies, claiming they positively impact the stock market and warning of a potential economic downturn if struck down. Legal challenges question whether the tariffs exceed presidential emergency powers, but Trump emphasizes their importance for national strength. Market reactions have been mixed, often responding positively to tariff relaxations and negatively to increases, reflecting ongoing uncertainty.
- Trump warns courts against knocking down tariffs, says duties are 'huge positive' for stock market CNBC
- In Donald Trump's Tariff Defence, A 1929 Great Depression Reference NDTV
- Cars, coffee and clothing are poised to get pricier with new tariffs The Washington Post
- Trump’s Tariffs Could Raise Prices on Many Consumer Goods The New York Times
- Trump warns of another Great Depression if court strikes down tariffs CNN
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