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

JuniorClassAttendents

Junior Homecoming Attendents

Anna Karras & Will Moore Anna is the daughter of Robin & Tony Karras; Will is the son of Helen & Tyler Moore Aubrey Meyer & Drake Worby Aubrey is...
SophomoreClassAttendents

Sophomore Homecoming Attendents

Gyllyane Gilbert & Jett Self Gyllyane is the daughter of Caryn Gilbert & Nick Gilbert; Jett is the son of Tawnya & Steve Self Claire Kusterman & Weston Hupp Claire...
FreshmanClassAttendents

Freshman Homecoming Attendents

Rylee Erickson & Otto Cox Rylee is the daughter of Laci & Chad Erickson; Otto is the son of Tara & Andy Cox Allie Goble & Owen Ramsey Allie is...
WATCH: State police prepares ICE protest zones; energy policy debate continues

WATCH: State police prepares ICE protest zones; energy policy debate continues

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares the latest...
AI chatbots a child safety risk, parental groups report

AI chatbots a child safety risk, parental groups report

By Esther WickhamThe Center Square ParentsTogether Action and Heat Initiative, following a joint investigation, report that Character AI chatbots display inappropriate behavior, including allegations of grooming and sexual exploitation. This...
WATCH: California officials seek early voting on Prop. 50

WATCH: California officials seek early voting on Prop. 50

By Dave MasonThe Center Square California officials Thursday urged voters to vote early in the Nov. 4 special election that will determine whether and how the state draws new congressional...
Illinois quick hits: Transit cliff revision criticized; Pike County shooting investigation

Illinois quick hits: Transit cliff revision criticized; Pike County shooting investigation

By Jim Talamonti | The Center SquareThe Center Square Transit cliff revision criticized With the transit fiscal cliff expected to be revised to approximately $300 million, labor and environmental groups...
Pritzker open to spending on Bears infrastructure, concerns remain about debt

Pritzker open to spending on Bears infrastructure, concerns remain about debt

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says he is open to state funding of infrastructure for a proposed Chicago Bears...
IL legislators weigh energy policy some say will increase costs

IL legislators weigh energy policy some say will increase costs

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois’ energy landscape continues to evolve as the state works to usher in industries that draw a...

NFIB says economy growing, but jobs lagging

By Brett RowlandThe Center Square The National Federation of Independent Business released it's job report Thursday afternoon noting that the federal jobs report expected Friday will likely be delayed by...
'I don't have anything to negotiate:' Johnson holds firm on GOP shutdown strategy

‘I don’t have anything to negotiate:’ Johnson holds firm on GOP shutdown strategy

By Thérèse BoudreauxThe Center Square As the government shutdown enters its second day, House Speaker Mike Johnson, R-La., defended Republican leaders’ refusal to concede to Democrats’ health care policy demands...
Analyst points to inefficiencies as Pritzker touts record spending on infrastructure

Analyst points to inefficiencies as Pritzker touts record spending on infrastructure

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – After Gov. J.B. Pritzker announced the biggest infrastructure spending plan in state history, a transportation policy director...
Federal judge blocks cuts in anti-terror funding to NYC transit

Federal judge blocks cuts in anti-terror funding to NYC transit

By Chris WadeThe Center Square A federal judge has blocked the Trump administration from withholding nearly $34 million to protect New York City's transportation system from terrorist attacks over the...
Businesses seek more time to address 'diverging interests' in tariff challenge

Businesses seek more time to address ‘diverging interests’ in tariff challenge

By Brett RowlandThe Center Square A group of small businesses that brought a legal challenge against President Donald Trump's global tariffs asked the Supreme Court for more time to argue...
Israel-Hamas peace deal in limbo as clock ticks away on deadline

Israel-Hamas peace deal in limbo as clock ticks away on deadline

By Sarah Roderick-FitchThe Center Square The clock is ticking for Hamas leaders to respond to the 20-point peace agreement proposed by President Donald Trump and approved by Israeli Prime Minister...