Trump Defends Tariffs, Warns of Supreme Court Impact on US Economy

World
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Moneycontrol•14-01-2026, 07:01
Trump Defends Tariffs, Warns of Supreme Court Impact on US Economy
- •Donald Trump defended his tariff policy, calling it crucial for America's economic turnaround, boosting investment, wages, and curbing inflation.
- •He claimed tariffs brought hundreds of billions to the US Treasury and reduced the federal budget deficit by 27%.
- •Trump dismissed critics, stating tariffs are paid by foreign nations, not American consumers, and that 'anti-tariff means pro-China'.
- •He warned a Supreme Court ruling against tariffs could force the US to pay back hundreds of billions of dollars.
- •During his Michigan visit, Trump toured a Ford plant, criticized Obamacare, and announced a new 'healthcare affordability framework'.
Why It Matters: Trump strongly defended his tariff policies, highlighting their economic benefits and warning of severe financial repercussions from a potential adverse Supreme Court ruling.
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