Trump says U.S. won’t survive without tariffs, businesses say they won’t survive with them

Spread the love

People on both sides of a legal challenge to President Donald Trump’s tariff authority warn that survival is on the line in the high-profile case pending before the U.S. Supreme Court.

Individual businesses and business groups have warned that the tariffs could hurt U.S. businesses and consumers. At least one of the businesses that initially sued the administration over the tariffs said it could only survive for a few months before closing up shop. That business owner said a Chinese company would likely fill the gap making STEM kits for kids when his inventory runs out.

Back in June, the small businesses, represented by the Liberty Justice Center, said their livelihood was on the line. The businesses included VOS Selections, a New York-based wine and spirit importer.

“An eventual refund is of little comfort to the VOS Plaintiffs, who face imminent irreparable harm, including existential threats of bankruptcy and permanent damage to their business, whether by reputational damage, loss of goodwill, or harm to relationships with suppliers and customers,” Liberty Justice Center attorneys wrote. “What good is a refund of the tariffs paid to a business that is bankrupt and no longer exists?”

The U.S. Chamber of Commerce, the world’s largest business federation, said in a friend-of-the-court brief in the case that businesses of all sizes were at risk.

“The economic and political consequences of ratifying the President’s broad interpretation of IEEPA are profound and far-reaching, especially for American businesses,” the attorneys wrote. “If the President’s IEEPA tariffs remain in force, American businesses – large and small – will be irreparably harmed.”

Trump has said the U.S. won’t survive without the tariffs. He said the U.S. would be defenseless without them and has predicted dire scenarios for the U.S. economy should the Supreme Court rule against him.

Calling it “one of the most important cases in the history of our country,” Trump said on Wednesday that he might attend the U.S. Supreme Court arguments challenging his tariff authority in person, an unprecedented move for a sitting president.

“If we don’t win that case, we will be a weakened, troubled financial mess for many, many years to come,” Trump said. “I don’t even know if it is survivable … That’s why I think I’m going to the Supreme Court to watch it. I’ve not done that. And I’ve had some pretty big cases.”

The Supreme Court’s public information office didn’t respond to questions about the president possibly attending oral arguments in the case, which is set for Nov. 5. The Center Square submitted questions to the office on Thursday amid an ongoing partial government shutdown.

In the past, presidents have not attended legal hearings in front of the high court.

Leave a Comment





Latest News Stories

WATCH: WA Senate candidates differ on taxes, parental rights, protecting girls' sports

WATCH: WA Senate candidates differ on taxes, parental rights, protecting girls’ sports

By Carleen JohnsonThe Center Square With less than two weeks before the general election, two candidates for one of the most closely watched races in Washington state are sharing their...
Newsom, Bonta vow suit over National Guard deployment

Newsom, Bonta vow suit over National Guard deployment

By Madeline ShannonThe Center Square Editor's note: This story has been updated since its initial publication. Gov. Gavin Newsom addressed concerns that President Donald Trump is sending federal agents to...
U.S. nuclear stockpile hit with shutdown furloughs

U.S. nuclear stockpile hit with shutdown furloughs

By Liam HibbertThe Center Square All 68 federal employees at a Nevada nuclear stockpile site were furloughed in the wake of the U.S. government shutdown. Some contractors remain at the...
Spokane police chief ordered officers not to work with FBI after June 11 protest

Spokane police chief ordered officers not to work with FBI after June 11 protest

By Tim ClouserThe Center Square Spokane Police Chief Kevin Hall directed officers not to work with the FBI in the days following the June 11 immigration protests, according to records...
Treasury sanctions Russian oil companies, calls for ceasefire

Treasury sanctions Russian oil companies, calls for ceasefire

By Andrew RiceThe Center Square The U.S. Treasury Department announced sanctions against two Russian oil companies on Wednesday. The department cited Russia's "lack of serious commitment" to ending the war...
DOJ: Illegal immigrant charged with assault

DOJ: Illegal immigrant charged with assault

By Dave MasonThe Center Square An illegal immigrant from Mexico was expected to make his first court appearance Wednesday following an arrest in which he rammed law enforcement vehicles before...
Manufacturing advocate: 'Follow the actions' with Pritzker on taxes

Manufacturing advocate: ‘Follow the actions’ with Pritzker on taxes

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says he prefers growing the economy over raising taxes, but a small and midsize...
Illinois quick hits: National Guard restraining order extended; economic growth above trend

Illinois quick hits: National Guard restraining order extended; economic growth above trend

By Jim Talamonti | The Center SquareThe Center Square National Guard restraining order extended Following an agreement between the state of Illinois and the federal government, U.S. District Court Judge...
US and Qatar say EU climate regulations could impact LNG supplies

US and Qatar say EU climate regulations could impact LNG supplies

By Alton WallaceThe Center Square The U.S. Department of Energy is urging the heads of State in the European Union (EU) to repeal or significantly change climate regulations adopted in...
U.S. debt tops $38 trillion for first time

U.S. debt tops $38 trillion for first time

By Brett RowlandThe Center Square The U.S. national debt reached $38 trillion amid a partial federal government that costs taxpayers $400 million daily to pay furloughed federal workers to stay...
Trump defends tariffs, tells beef producers to lower prices

Trump defends tariffs, tells beef producers to lower prices

By Brett RowlandThe Center Square Cattle producers called on President Donald Trump to reverse course on a plan to import beef from Argentina as prices for the grocery store staple...
VA secretary pleads with Democrats to end the shutdown

VA secretary pleads with Democrats to end the shutdown

By Morgan SweeneyThe Center Square As part of a visit to the Washington, D.C., veterans’ medical center Wednesday, Department of Veterans Affairs Secretary Doug Collins publicly urged Democrats in Congress...

WATCH: Pritzker opposes redistricting Illinois mid-cycle as other states move forward

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – The prospect of Illinois legislators changing the state’s congressional maps before the 2026 election seems unlikely with...
Record-long govt shutdown threatens food, early childhood education assistance

Record-long govt shutdown threatens food, early childhood education assistance

By Thérèse BoudreauxThe Center Square Senate Democrats are set to block Republicans’ government funding bill for the 12th time Wednesday, keeping the federal government shut down despite tens of millions...
Sen. Scott Wiener announces he's running for Pelosi's seat

Sen. Scott Wiener announces he’s running for Pelosi’s seat

By Dave MasonThe Center Square State Sen. Scott Wiener, a San Francisco Democrat and vocal opponent of the Trump administration, announced Wednesday he’s running for U.S. Rep. Nancy Pelosi’s seat....