Trump Warns: "If U.S. Loses Tariff Ruling, We Could Fall to 'Third World Level'...Praying to God"
"I Will Not Go to Court... Do Not Want to Distract from the Gravity of the Decision"
Donald Trump, President of the United States, stated on the 2nd (local time) ahead of a U.S. Supreme Court trial to determine the legality of his reciprocal tariff policy, "If we lose, the United States could fall to the level of a third world country," adding, "I pray to God that such a thing does not happen."
On this day, President Trump wrote on the social networking service Truth Social, "The tariff trial next week is one of the most important cases in our nation's history," and added, "If the president is not allowed to use tariffs, we will be at a significant disadvantage in competition with all other countries around the world, especially with 'major countries.' This would leave us defenseless."
He said, "During the nine months I worked as president, tariffs brought us tremendous wealth and national security," adding, "The stock market reached record highs several times during my short term, prices hardly rose, and our national security was second to none." He particularly emphasized, "The reason we were able to negotiate successfully with China and other countries recently was because we had 'tariffs' as a bargaining chip to draw fair and sustainable agreements."
President Trump had previously stated that he would appear in person at the Supreme Court trial, but on this day reversed his position, saying, "I will not go to court on Wednesday." He explained, "I do not want to distract from the gravity of this decision."
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The U.S. Supreme Court is scheduled to hold oral arguments on the 5th regarding a case on the imposition of tariffs based on the International Emergency Economic Powers Act (IEEPA). President Trump used the IEEPA as the basis for his executive order imposing reciprocal tariffs. However, the U.S. Court of International Trade (USCIT) at the first instance and the U.S. Court of Appeals for the D.C. Circuit at the second instance both ruled that while the IEEPA grants the president the authority to regulate imports, it does not extend to 'broad tariff-imposing authority.'
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