Trump warns he would ‘have to unwind’ trade deals if Supreme Court doesn’t uphold his tariffs
president Donald Trump referred to plans to end the initial trade agreements in the event of canceling the customs tariff policy.
At a press conference of the Oval Office on Wednesday, Trump warned of the lack of a tariff that would destroy the administration to conclude deals with commercial partners such as South Korea and the European Union.
“Our country has an opportunity to be incredibly rich again. This may also be incredibly poor again. If we do not win this issue, our country will suffer greatly,” Trump said.
He added: “We have concluded an agreement with the European Union, as they pay us nearly a trillion dollars.” “And you know what? They are happy. It has been done. These deals are over, I think we have to relax them.”
On Friday, the US Court of Appeal in the Federal Department ruled that Trump exceeded his authority to summon the 1977 Economic Forces Act of 1977 to declare national emergencies to justify definitions. In February, Trump said he would impose a tariff on Mexico and Canada as a way to stop the passage of illegal drugs such as fentanel across the border and to stop immigrants who are not documented from entering the country. Another set of drawings later announced as a way to stimulate local manufacturing. The verdict supported a decision of a federal trade court in New York.
On Wednesday, Trump asked the Supreme Court to support his definitions. According to the court’s report, Public Prosecutor D. John Sauer asked the Supreme Court to make its decision regarding the case review by September 10, saying that the decision of the federal department was “disrupted” to disrupt a very fixed and unreliable diplomatic trade negotiations. ”
The tariff policy on Trump also means that American companies can seek to recover 150 billion dollars through customs and border protection on the taxes they already paid.
The White House did not respond luckRequest to comment.
Will Trump actually lose in commercial negotiations?
Trump notes that he will melt his commercial relations if he defined it, as it is hollow because the agreements that he concluded are not legally binding deals, according to Brett House, professor of professional practice at Colombia College of Business.
“This is really nothing more than a custom letters,” said House luck. “The saying that many will be lost is greatly exaggerated in the quality of these initial, very violent, and superficial agreements.”
House said that Trump’s argument for the US loss in negotiations is undermining legitimate business deals valid before the administration that imposes a wave of import taxes. He cited the entry of the 1994 free trade agreement in North America, which was replaced by the United States, Mexico and Cananga agreement in 2020.
In April, Trump said that since the beginning of NAFTA, the United States lost 90,000 factories, has repeated the need to restore American assembly. While the number match what was used in the 2020 report of the Institute of Economic Policy, the revised census data used in this report found a net loss of 70,500 manufacturing facilities between 1997 to 2022, CBS news I mentioned for the first time. About a quarter of these factories were four or less than workers.
House said: “If there is anything, the interested and ready countries to negotiate comprehensive and legally binding trade agreements with the United States are now less likely to do this because they can see the good word of the United States – with the countries where there are already agreements – to reduce confidence,” House said.
2025-09-04 17:27:00
