Trump Plans to Request Expedited Supreme Court Ruling on Tariffs
(MENAFN) US President Donald Trump announced Tuesday his intention to request an expedited Supreme Court ruling aimed at reversing an appeals court decision that deemed most of his global tariffs unlawful.
“If you take away tariffs, we could end up being a third-world country,” Trump told reporters at the White House, emphasizing the stakes involved.
“We’re going to be going to the Supreme Court, we think tomorrow, because we need an early decision,” Trump said, asserting that the “financial fabric of our country” is at risk.
He added, “We’re going to be asking for early admittance ... We’re going to ask for expedited, an expedited ruling," underscoring the urgency.
Trump highlighted recent trade agreements with Japan, the EU, and South Korea, stating those countries are paying the US $950 billion and are “happy” about it.
However, critics argue these arrangements are more preliminary frameworks than finalized deals and accuse Trump of overstating the economic benefits for the US.
Addressing legal challenges against the tariffs — imposed via unprecedented executive orders — Trump insisted, "They have no legal basis whatsoever (to challenge the tariffs), but on a common-sense basis, it would destroy America."
He also linked Tuesday’s stock market decline to Friday’s appeals court ruling, saying, “The stock market’s down because of that, because the stock market needs the tariffs,” and “They want the tariffs.”
Market analysts largely attributed recent volatility to tariff-related uncertainty.
The US Court of Appeals for the Federal Circuit ruled last Friday that Trump lacks authority to impose most of his tariffs, stating, “The core Congressional power to impose taxes such as tariffs is vested exclusively in the legislative branch by the Constitution,” and emphasized, “Tariffs are a core Congressional power.”
To allow the administration time to appeal, the court delayed enforcement of its ruling until Oct. 14.
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