Trump says that if the Supreme Court overturns his tariffs it would be almost “impossible” to return the amounts
Washington.- U.S. President Donald Trump said on Monday that if the Supreme Court were to decide to annul a large part of the tariffs he ordered to be implemented in 2025, his country would find it «practically impossible» to return the amounts charged to importers.
“The actual figures we would have to reimburse if, for any reason, the Supreme Court ruled against the U.S. on tariffs, would amount to hundreds of billions of dollars, and that’s not including the amount that countries and companies would demand as compensation for the investments they are making in the construction of plants, factories and equipment to avoid paying tariffs,” Trump wrote today on Truth Social. «If we add up these investments, we would be talking about trillions of dollars! It would be total chaos, and practically impossible to pay for our country. Anyone who says this can be resolved quickly and easily would be giving a false, inaccurate or completely wrong answer to this complex question», added the Republican in the message published on his social network.You can also read:Trump says the U.S. has collected more than $600 billion in tariffs
The comments from the official come at a time when the highest US court is expected to rule soon on whether or not Trump exceeded his authority in using an emergency law to impose tariffs.‘Reciprocal Tariffs’
According to the New York magnate, if Washington has to return the amount of tariffs and the aforementioned compensations, “it would be such an enormous amount” that it would take “many years to determine the exact figure and even to whom, when and where to pay”.
“Remember, when the U.S. shines, the world shines. In other words, if the Supreme Court rules against the United States in this matter of national security, we are lost!”, he concludes his message on Truth.
Last August, following a lawsuit from two small importing companies, a Federal Circuit appeals court ruled that Trump was not entitled to impose the so-called ‘reciprocal tariffs,’ which range from the 50% paid by Lesotho to the minimum base of 10% borne by the United Kingdom or most Latin American countries.You can read:Brussels considers “unjustified” the provisional Chinese tariffs on EU dairy products
The court also found that it did not have the authority to implement the 25% levy imposed on some products from Canada, China, and Mexico for what Washington considers insufficient efforts to curb the entry of fentanyl into the U.S. However, he avoided freezing the application of tariffs to give the Federal Government time to take the case to the Supreme Court.#Most read
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