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

EPA slashes regulations on refrigerants finalized during Biden-era

EPA slashes regulations on refrigerants finalized during Biden-era

By Morgan SweeneyThe Center Square The Environmental Protection Agency is slashing some regulations on refrigerants finalized in the Biden-era in an effort it says will reduce grocery costs for Americans...
Illinois Quick Hits: State unemployment rate still more than 5%

Illinois Quick Hits: State unemployment rate still more than 5%

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Illinois Department of Employment Security says the state’s unemployment rate was unchanged last month at 5.1%,...
Mace amendment would spare Democrats she targeted

Mace amendment would spare Democrats she targeted

By Brett RowlandThe Center Square Rep. Nancy Mace, R-S.C., introduced a constitutional amendment requiring natural-born citizenship for members of Congress and federal judges, sparing the Democrats she targeted while potentially...
Illinois to require hidden ‘junk fees’ included in advertised price

Illinois to require hidden ‘junk fees’ included in advertised price

By Sean Reed | The Center SquareThe Center Square (The Center Square) – In most cases when a person makes a purchase, such as on hotels, concert tickets and more,...
WATCH: Trump says Iran ‘won’t have nuclear weapon’

WATCH: Trump says Iran ‘won’t have nuclear weapon’

By Christen SmithThe Center Square As negotiations to end the Iran war continue, President Donald Trump says one thing is certain: the U.S. won’t let the nation have a nuclear...
Prescription board bill advances without money

Prescription board bill advances without money

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois may soon have a prescription affordability board to impose price caps on drugs, but questions are...
Feds charge 15 in $90M Minnesota childcare, Medicaid fraud

Feds charge 15 in $90M Minnesota childcare, Medicaid fraud

By Andrew RiceThe Center Square Federal prosecutors announced charges against 15 people in Minnesota on Thursday in connection to Medicaid and childcare fraud costing taxpayers more than $90 million. Prosectors...
House GOP pushes Pritzker for local control

House GOP pushes Pritzker for local control

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois House Republicans say Governor J.B. Pritzker’s housing proposals will give local control to state politicians, but...
Illinois Quick Hits: Freedom Caucus urges DOJ investigation of Illinois

Illinois Quick Hits: Freedom Caucus urges DOJ investigation of Illinois

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Illinois Freedom Caucus is calling on the U.S. Department of Justice to investigate whether the Illinois...
Hundreds of Uber drivers demand union-permitting bill move in Springfield

Hundreds of Uber drivers demand union-permitting bill move in Springfield

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Nearly 400 drivers for platforms like Uber and Lyft appeared at the Illinois Capitol, where they urged...
Summons issued to ISP, AG Cook County in FOID challenge

Summons issued to ISP, AG Cook County in FOID challenge

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Officials with the Illinois State Police, attorney general’s office and Cook County state’s attorney have been summoned...
Pritzker knocks state progressives’ ability to pass new tax measures

Pritzker knocks state progressives’ ability to pass new tax measures

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker ruled out the passage of many new tax proposals from progressive lawmakers before...
Illinois Quick Hits: Pritzker talks Bears stadium with NFL commissioner

Illinois Quick Hits: Pritzker talks Bears stadium with NFL commissioner

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says National Football League Commissioner Roger Goodell has reiterated that the Chicago Bears are...
Op-Ed: Oversight faps in federal drug program put Illinois’ independent practices at risk

Op-Ed: Oversight faps in federal drug program put Illinois’ independent practices at risk

By Dr. Priya BansalThe Center Square Community-based care is part of the fabric of the healthcare system in Illinois. As an allergist and immunologist practicing in St. Charles, I take...
War of words reignites with Trump, Pritzker, Bailey

War of words reignites with Trump, Pritzker, Bailey

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – President Donald Trump has resumed his war of words with Illinois Gov. J.B. Pritzker, who responded by...