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Trump: Losing ability to issue tariffs would be ‘terrible blow’ to US national security
Trump warned invalidation of tariffs under the International Emergency Economic Powers Act would harm U.S. national security and disrupt $200 billion in annual tariff revenue.
- On Jan. 2, President Donald Trump wrote on Truth Social that losing tariff power would be a "terrible blow" and called tariffs an "overwhelming benefit" to U.S. security and prosperity.
- The U.S. Supreme Court is weighing consolidated legal challenges to tariffs imposed under the International Emergency Economic Powers Act after November oral arguments.
- Customs data show U.S. Customs and Border Protection collected more than $200 billion from tariffs last year, including $37.87 billion from China, $6.481 billion from Mexico and $2.422 billion from Canada.
- Dozens of companies have filed suits in the U.S. Court of International Trade, including Costco, Revlon and Bumble Bee Foods Inc., seeking to protect refund claims amid unclear reimbursement logistics.
- The administration is readying alternate legal routes such as Section 232, Section 301, Section 122, and Section 338 to preserve tariff authority if IEEPA is struck down, and Scott Bessent said he expects an opinion in January.
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Trump Says US Losing Ability to Issue Tariffs Would Be a ‘Terrible Blow’ to National Security
President Donald Trump warned that the United States would be victimized by other countries if the U.S. Supreme Court ruled against his tariff policies. “Tariffs are an overwhelming benefit to our Nation, as they have been incredible for our National Security and Prosperity (like nobody has ever seen before!),” the president wrote in a post on Truth Social on Jan. 2. Trump added that the United States needs the ability to put tariffs on “other c…
·New York, United States
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Coverage Details
Total News Sources13
Leaning Left1Leaning Right4Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
C 55%
R 36%
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