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

Op-Ed: Illinois is closed for business

Op-Ed: Illinois is closed for business

By Alan Jernigan and Joshua MeyerThe Center Square The policies coming from Springfield send a clear message: Illinois is closed for business. While other states enact pro-growth policies and create...
Illinois Quick Hits: Proposal would allow two-year, online car registration

Illinois Quick Hits: Proposal would allow two-year, online car registration

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois House Republican Leader Tony McCombie has filed legislation she says will make the vehicle registration process...
Flint, Detroit top list of most-affordable U.S. cities for homebuyers

Flint, Detroit top list of most-affordable U.S. cities for homebuyers

By Elyse ApelThe Center Square Flint and Detroit rank as the two most-affordable cities in the nation for homebuyers, according to a new WalletHub report. The analysis compared 300 U.S....
SCOTUS turns away Palatine HS teacher fired over anti-BLM Facebook posts

SCOTUS turns away Palatine HS teacher fired over anti-BLM Facebook posts

By Jonathan Bilyk | Legal NewslineeThe Center Square The U.S. Supreme Court will not review lower courts' decisions finding a suburban school district did not violate the constitutional rights of...
WATCH: Critics say political protests interfere with education

WATCH: Critics say political protests interfere with education

By Esther WickhamThe Center Square As student walkouts and protests tied to immigration enforcement increase nationwide, education experts are raising concerns about declining civics proficiency among K-12 students and the...
Congressional candidates discuss agriculture, healthcare

Congressional candidates discuss agriculture, healthcare

By Andrew RiceThe Center Square Editor's note: This is the part of a series of stories that are appearing this week on the June 2 primary in California. The stories...
Trump admin still releasing minors into U.S., well below Biden era

Trump admin still releasing minors into U.S., well below Biden era

By Bethany BlankleyThe Center Square The Trump administration is still releasing unaccompanied alien children (UAC)s into the U.S., although the numbers are dramatically lower than the unprecedented numbers released by...
TrumpRx expanding, offering generic prescription drugs

TrumpRx expanding, offering generic prescription drugs

By Morgan SweeneyThe Center Square TrumpRx is expanding to about seven times its current size, adding more than 600 generic prescription drugs to the months-old direct-to-consumer government website, the president...
Trump pauses planned military strikes against Iran, cites further negotiations

Trump pauses planned military strikes against Iran, cites further negotiations

By Sarah Roderick-FitchThe Center Square Renewed military strikes against Iran have been postponed once again, President Donald Trump said Monday. In a Truth Social post, the president says a military...
Consumer advocates say Nicor’s rate hike is unreasonable, profit-driven

Consumer advocates say Nicor’s rate hike is unreasonable, profit-driven

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Consumer advocates have signaled heavy opposition to a proposed $221 million rate hike by Nicor Gas, arguing...
Johnson’s office counters Pritzker claim Chicago mayor 'has no plan' to keep Bears

Johnson’s office counters Pritzker claim Chicago mayor ‘has no plan’ to keep Bears

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says Chicago Mayor Brandon Johnson has no plan to keep the Bears in the...
Pritzker: Trump war to blame for high gas prices

Pritzker: Trump war to blame for high gas prices

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says everyone is paying more for gas because of President Donald Trump’s military action...
Proposed law would require women’s restroom on construction sites

Proposed law would require women’s restroom on construction sites

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Construction companies across Illinois may be required by law to provide female employees with separate bathroom facilities...
Illinois Quick Hits: Independent candidate filing period opens

Illinois Quick Hits: Independent candidate filing period opens

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Today is the first day of the filing period for independents and new party candidates seeking state...
Casey Westfield Baseball Graphic

Pitching Duel Leads Casey-Westfield to Narrow 1-0 Shutout Over Danville

In a classic pitchers' duel on Saturday, the Casey-Westfield varsity baseball team edged out Danville for a hard-fought 1-0 victory in a non-conference home game. The game was defined by...