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

Bipartisan lawmakers reintroduce DACA protections

Bipartisan lawmakers reintroduce DACA protections

By Andrew RiceThe Center Square A bipartisan, bicameral group of lawmakers has introduced legislation designed to prevent more than 250,000 people brought to the United States as children, or “Dreamers,”...
Routh guilty on all charges in plot to kill Trump

Routh guilty on all charges in plot to kill Trump

By Alan WootenThe Center Square Ryan Routh was found guilty of all charges in a plot to kill Donald Trump by a federal jury that needed little time to reach...
Trump, Zelenskyy meet as Russia accused of violating NATO nations' air space

Trump, Zelenskyy meet as Russia accused of violating NATO nations’ air space

By Morgan SweeneyThe Center Square In the wake of repeated drone incursions into European airspace, President Donald Trump met with Ukrainian President Volodymyr Zelenskyy while attending the 80th U.N. General...
WATCH: IL governor on photo with wanted suspect: 'No way to vet everybody'

WATCH: IL governor on photo with wanted suspect: ‘No way to vet everybody’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker is defending the use of taxpayer dollars for community violence intervention, even after he...

Illinois quick hits: Constitutional amendment would guarantee parental rights

By The Center SquareThe Center Square Constitutional amendment would guarantee parental rights Illinois U.S. Rep. Mary Miller has filed a constitutional amendment to what her office says would permanently establish...
Oversight committee expands probe on 'politically motivated' debanking

Oversight committee expands probe on ‘politically motivated’ debanking

By Sarah Roderick-FitchThe Center Square As part of the investigation into possible “politically motivated discrimination” by the financial system during the Biden administration, the House Oversight Committee is expanding its...
'Brutal slog:' Government shutdown looms as bipartisan negotiations derail

‘Brutal slog:’ Government shutdown looms as bipartisan negotiations derail

By Thérèse BoudreauxThe Center Square Government funding negotiations came to a standstill Tuesday after President Donald Trump cancelled talks with Democratic congressional leaders, saying no meeting “could possibly be productive”...

WATCH: Republican leader: says Pritzker budget cut EO a ploy for IL tax increases

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker blames President Donald Trump for ordering Illinois state agencies to find 4% budget cuts....
Nebraska attorney general sues Lorex over Chinese surveillance concerns

Nebraska attorney general sues Lorex over Chinese surveillance concerns

By Tom JoyceThe Center Square Nebraska Attorney General Mike Hilgers filed a lawsuit Tuesday against home security camera company Lorex. He says the company misled consumers about the safety of...
Colorado pushes ahead on clean energy as EV funding returns

Colorado pushes ahead on clean energy as EV funding returns

By Elyse ApelThe Center Square Colorado is once again set to receive $57 million in federal monies as part of the National Electric Vehicle Infrastructure Grant program. This comes after...
Trump lectures UN, Western Europe for policy failures

Trump lectures UN, Western Europe for policy failures

By Morgan SweeneyThe Center Square In a fiery address to the U.N. General Assembly at its 80th session in New York City, President Donald Trump outlined his position and priorities...
Arizonans vote on successor to U.S. Rep. Raúl Grijalva

Arizonans vote on successor to U.S. Rep. Raúl Grijalva

By Zachery SchmidtThe Center Square Arizonans cast ballots Tuesday in a special election to select the next representative for the state’s 7th Congressional District. This seat opened after U.S. Rep....
Google says Biden admin 'pressed' it to censor some COVID-19 content

Google says Biden admin ‘pressed’ it to censor some COVID-19 content

By Thérèse BoudreauxThe Center Square Senior Biden administration officials pressured Google to remove COVID-19-related content that did not violate YouTube’s policies but the administration considered alarming, new information reveals. Following...
Judge’s questions during IL gun ban arguments gives rights advocates ‘hope’

Judge’s questions during IL gun ban arguments gives rights advocates ‘hope’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – With Illinois’ gun ban now in the hands of a three judge panel of the federal appeals...
Illinois agencies to post monthly investment reports, lawmaker calls symbolic

Illinois agencies to post monthly investment reports, lawmaker calls symbolic

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Illinois agencies must now post monthly reports on how taxpayer dollars are invested, a move supporters...