Donald IS worried…..
In a late-night Truth Social post, President Donald Trump appeared jittery about a Supreme Court ruling on his trade war — warning that lifting the tariffs he imposed could cost the country more than $3 trillion.
A day earlier, Trump said the losses from reversing tariffs — or an “unwind” — would be $2 trillion. It’s unclear where the extra $1 trillion came from.
In any case, the president is now claiming the high court has been given “the wrong numbers.”
“It would not be possible to ever make up for that kind of a ‘drubbing,’” he wrote in the early hours Tuesday. “That would truly become an insurmountable National Security Event, and devastating to the future of our Country – Possibly non-sustainable!”
Trump’s anguish likely stems from the Supreme Court justices last week appearing deeply skeptical about whether Trump has the authority to impose sweeping import taxes without congressional approval under the 1977 International Emergency Economic Powers Act.
A ruling in the case is expected early next year….
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Tariffs windfalls aside, the duty is helping push up U.S. grocery prices, with items such as coffee, bananas, sugar and seafood among the hardest hit….
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