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Trump Calls Tariff Case “Life or Death” for US Economy
President Donald Trump has described the upcoming Supreme Court hearing on his tariff policy as a “life or death” matter for the United States, claiming that his trade measures have fueled stock market gains and strengthened the country’s economy.
Trump’s Defence of Tariffs
Addressing reporters at the White House, Trump said the tariffs were essential to protect American industries from unfair trade practices, particularly from China. He added that the tariffs had led to “record-breaking” performance on Wall Street and contributed to job growth. The President warned that overturning the policy would “cripple U.S. manufacturing” and “hand victory to foreign competitors.”
Supreme Court Hearing
The Supreme Court is set to hear arguments on whether Trump exceeded his authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose wide-ranging tariffs without direct Congressional approval. Critics argue that the law does not grant such sweeping powers, while Trump’s legal team maintains that national security concerns justify his actions.
Economic and Political Implications
A ruling against Trump could restrict the executive branch’s power to unilaterally impose tariffs, potentially reshaping U.S. trade law. Supporters say the tariffs have helped reduce the trade deficit and protect American jobs, while opponents warn they have raised consumer prices and strained relations with key trading partners. The decision is expected to have far-reaching effects on both domestic and global markets.
