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: Illinois In Focus Daily | Thursday Aug. 21st, 2025

WATCH: Illinois In Focus Daily | Thursday Aug. 21st, 2025

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 comments from...
Texas House passes Congressional redistricting bill after absconding Dems return

Texas House passes Congressional redistricting bill after absconding Dems return

By Bethany BlankleyThe Center Square After House Democrats absconded for more than two weeks in opposition to a Congressional redistricting bill, the Texas House on Wednesday passed the bill by...

Department of Education ends support for political activism

By Esther WickhamThe Center Square The U.S. Department of Education announced this week it is ending taxpayer-funded programs that supported political activism jobs on college campuses. The Department of Education...
Illinois trucker warns foreign firms faking logs, dodging rules, risking safety

Illinois trucker warns foreign firms faking logs, dodging rules, risking safety

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – After a recent deadly crash in Florida and a crash in Illinois involving semi-trucks, an Illinois...
Illinois law mandates pharmacies to sell needles, sparking safety debate

Illinois law mandates pharmacies to sell needles, sparking safety debate

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – The Illinois Governor has signed House Bill 2589, which requires pharmacists to sell sterile hypodermic needles...
Report warns U.S. national debt predicted to pass $53 trillion by 2035

Report warns U.S. national debt predicted to pass $53 trillion by 2035

By Thérèse BoudreauxThe Center Square By fiscal year 2035, the national debt is set to surpass $53 trillion, or 120% of the nation’s Gross Domestic Product, according to a new...
Courts remain firm against unsealing grand jury records from Epstein trial

Courts remain firm against unsealing grand jury records from Epstein trial

By Thérèse BoudreauxThe Center Square A second federal judge has denied the Trump administration’s request to unseal grand jury material from convicted sex offender Jeffrey Epstein’s 2019 trial. New York-based...
White House TikTok garners 1.3 million views in 24 hours

White House TikTok garners 1.3 million views in 24 hours

By Morgan SweeneyThe Center Square Within 24 hours of its debut, the first video posted to the new White House TikTok account has racked up more than 1.3 million views....
Newsom responds to Bondi's letter on sanctuary policies

Newsom responds to Bondi’s letter on sanctuary policies

By Jamie ParsonsThe Center Square Editor's note: This story has been updated since its initial publication to include additional comments from the U.S. Department of Justice. After California received a...
U.S., NATO military officials discuss Ukraine security guarantees

U.S., NATO military officials discuss Ukraine security guarantees

By Caroline BodaThe Center Square U.S. military leaders met with NATO defense chiefs on Wednesday to iron out details of security protections for Ukraine as part of a potential peace...
Illinois quick hits: Governor bans school fines; Target fires hundreds over fraud

Illinois quick hits: Governor bans school fines; Target fires hundreds over fraud

By Jim Talamonti | The Center SquareThe Center Square Governor bans school fines Gov. J.B. Pritzker has signed legislation that bans schools from issuing fines or citations to students for...
Industry advocates: More state regulation will drive insurance rates higher

Industry advocates: More state regulation will drive insurance rates higher

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Insurance industry leaders are advising Illinois lawmakers that state regulation of rates will lead to higher costs...
Lawmakers, policy groups react to social media warning suit

Lawmakers, policy groups react to social media warning suit

By Elyse ApelThe Center Square Bill sponsors and public interest groups have been quick to respond to a lawsuit filed last week against Colorado, challenging a new law that would...
From Mexico to Knoxville, five cartel leaders wanted in drugs, weapons conspiracy

From Mexico to Knoxville, five cartel leaders wanted in drugs, weapons conspiracy

By Bethany BlankleyThe Center Square Despite many arguing the border crisis is over because illegal entries at the southwest border have dropped to their lowest level in recorded history, border-related...
Trump administration pushes to remove noncitizen Medicaid enrollees

Trump administration pushes to remove noncitizen Medicaid enrollees

By Andrew RiceThe Center Square The Trump administration is cracking down on noncitizens receiving Medicaid and Children’s Health Insurance Program benefits, according to the Centers for Medicare and Medicaid Services....