Trump warns 'trillions of dollars' at risk if Supreme Court curbs tariff authority

World
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Moneycontrol•13-01-2026, 01:17
Trump warns 'trillions of dollars' at risk if Supreme Court curbs tariff authority
- •Donald Trump warns of 'trillions of dollars' in losses if the Supreme Court rules against his reciprocal tariff policies.
- •He stated that hundreds of billions would be owed back, plus trillions for investments made by countries and companies to avoid tariffs.
- •Trump called tariffs a 'national security bonanza' and dismissed claims that repayments could be handled quickly or easily.
- •The Supreme Court is considering a legal challenge to Trump's tariff powers, with a ruling still pending.
- •The case questions the use of emergency powers under the International Emergency Economic Powers Act (IEEPA) for tariffs and potential importer refunds.
Why It Matters: Trump warns of catastrophic financial losses if the Supreme Court limits his tariff authority, calling it a 'complete mess'.
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