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

Desmond, Wilpert ahead in District 48 race to succeed Issa

Desmond, Wilpert ahead in District 48 race to succeed Issa

By Chris WoodwardThe Center Square Republican Jim Desmond has a big lead in the race for California Congressional District 48. The race will decide who replaces U.S. Rep. Darrell Issa....
Candidates advance in redrawn congressional districts

Candidates advance in redrawn congressional districts

By Andrew RiceThe Center Square Several candidates across altered congressional districts in California are projected to head to November’s general election. California voters passed Proposition 50, a measure that altered...
Illinois slaps limits on non-lawyer investor power in law firms

Illinois slaps limits on non-lawyer investor power in law firms

By Jonathan Bilyk | Legal NewslineThe Center Square Illinois has become the latest state to restrict the involvement of private equity and other non-lawyer interests in owning or running law...
Law firm: California's gender policies violate Constitution

Law firm: California’s gender policies violate Constitution

By Chris WoodwardThe Center Square A law firm is putting California Attorney General Rob Bonta on notice about keeping parents in the dark about their children's gender transitions. Liberty Justice...
Group challenges gender policies in New Mexico schools

Group challenges gender policies in New Mexico schools

By Esther WickhamThe Center Square As New Mexico students continue to rank among the lowest in the nation in academic proficiency, some parents are questioning why gender ideology has become...
Supreme Court rules for Texas in Rio Grande River lawsuit

Supreme Court rules for Texas in Rio Grande River lawsuit

By Bethany BlankleyThe Center Square The U.S. Supreme Court has handed Texas a win in a lawsuit first brought by Gov. Greg Abbott when he was attorney general. Abbott was...
Trump appoints housing regulator as acting spy chief

Trump appoints housing regulator as acting spy chief

By Brett RowlandThe Center Square President Donald Trump on Tuesday named Federal Housing Finance Agency Director William Pulte as acting director of national intelligence, placing a housing-finance regulator with no...
Mullin defends $118B Homeland Security budget request

Mullin defends $118B Homeland Security budget request

By Andrew RiceThe Center Square Markwayne Mullin, secretary for the U.S. Department of Homeland Security, defended the agency’s $118.3 billion budget request Tuesday. Mullin, a former U.S. Senator from Oklahoma,...
Bill loosens in-state tuition requirements

Bill loosens in-state tuition requirements

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Some students from outside the Land of Lincoln may soon pay in-state tuition at Illinois public universities...
Illinois Quick Hits: Nine arrested during Naperville teen gathering

Illinois Quick Hits: Nine arrested during Naperville teen gathering

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Naperville Police say they arrested nine people and issued almost three dozen citations after large groups of...
Rubio provides few answers to Congress on Iran conflict timeline

Rubio provides few answers to Congress on Iran conflict timeline

By Thérèse BoudreauxThe Center Square With the U.S.-Iran conflict approaching the 100-day mark, Secretary of State Marco Rubio defended the Trump administration’s military strategy before a committee of U.S. lawmakers...
Pritzker housing proposal partly stalls amid overreach concerns from localities

Pritzker housing proposal partly stalls amid overreach concerns from localities

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Though the entire affordable housing initiative from Gov. J.B. Pritzker didn’t make it through the General Assembly...
HUD shifts $4B homelessness program from 'Housing First' to treatment

HUD shifts $4B homelessness program from ‘Housing First’ to treatment

By Tim ClouserThe Center Square The U.S. Department of Housing and Urban Development announced a $4 billion funding opportunity for homelessness services on Monday, shifting away from the Housing First...
Poll: Democrats hold slight edge over Rogers in Michigan U.S. Senate race

Poll: Democrats hold slight edge over Rogers in Michigan U.S. Senate race

By Elyse ApelThe Center Square New polling in Michigan's open U.S. Senate race shows each of the leading Democrat candidates narrowly ahead of Republican Mike Rogers in potential general election...
Swipe fee battle continues after delay, court ruling

Swipe fee battle continues after delay, court ruling

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois is still waiting to benefit from a law promised to generate hundreds of millions of dollars...