Trump Plans New Tariffs: President Donald Trump will launch 25% tariffs on goods from Canada and Mexico on Tuesday March 4. He also aims to lift tariffs on Chinese products from 10% to 20%. These key trading nations plan retaliation, per their governments’ statements. (Image: Shutterstock)
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CNBC TV1814-01-2026, 10:00

Trump Warns of 'Alternatives' if Supreme Court Strikes Down Tariffs

  • The US Supreme Court will rule on the legality of Donald Trump's global tariff regime on January 14.
  • The court will assess if Trump exceeded presidential authority by using the IEEPA of 1977 for tariffs.
  • Trump stated his administration has backup plans, including Section 232 of US trade law, if IEEPA use is blocked.
  • He warned an adverse ruling could force repayment of 'hundreds of billions' in tariffs and disrupt trade talks.
  • Trump dismissed criticism that tariffs raise consumer prices, claiming foreign nations and middlemen bear the cost.

Why It Matters: Trump prepares for legal alternatives and warns of severe financial repercussions if the Supreme Court strikes down his tariffs.

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