Trump Warns Courts: Striking Down Tariffs Risks ‘Great Depression’

President Donald Trump issued a stark warning to U.S. courts on Friday, cautioning against any ruling that would dismantle his administration’s tariff policies. Speaking from Washington D.C. and reiterating his stance on Truth Social, Trump asserted that striking down these duties, which he claims have had a “huge positive impact” on the stock market, could trigger a severe economic downturn akin to the 1929 Great Depression.

The President’s comments come as a federal appeals court is actively hearing arguments concerning the legality of his tariff policy. Legal challenges primarily question whether these levies exceed the emergency powers granted to the President by Congress in the 1970s. Former House Speaker Paul Ryan recently suggested that the Supreme Court might eventually intervene to disqualify duties imposed under the International Emergency Economic Powers Act.

Trump emphasized the dire consequences of such a judicial decision, stating it would be “impossible to ever recover” from the financial implications. Economic experts, like Alan Wolff of the Peterson Institute for International Economics, concur on the complexity of unwinding these tariffs, noting that invalidating them would lead to “massive amount of red tape” regarding refunds and a situation that “cannot easily be fully unrung.”

阅读中文版 (Read Chinese Version)

Disclaimer: This content is aggregated from public sources online. Please verify information independently. If you believe your rights have been infringed, contact us for removal.