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

Cheaper gas could take time amid tentative ceasefire

Cheaper gas could take time amid tentative ceasefire

By Brett RowlandThe Center Square Americans hoping for cheaper gasoline after the U.S.-Iran ceasefire will need to be patient, as oil prices and other economic factors continue to work against...
Trump says military remains in place as talks with Iran set to begin

Trump says military remains in place as talks with Iran set to begin

By Sarah Roderick-FitchThe Center Square President Donald Trump says that increased military assets in the Middle East will remain in place and ready as the U.S. and Iran embark on...
Illinois Quick Hits: Ex-nonprofit exec sentenced for state, federal grant fraud

Illinois Quick Hits: Ex-nonprofit exec sentenced for state, federal grant fraud

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A former Chicago-area nonprofit executive has been sentenced to a year in federal prison for misappropriating nearly...
Lawmaker calls for department reform supporting Illinois families with disabled children

Lawmaker calls for department reform supporting Illinois families with disabled children

By Sean Reed | The Center SquareThe Center Square (The Center Square) – A Republican state representative in Illinois is continuing his push for simpler and less burdensome paths to...
Lawyers’ ‘misleading statements’ hang cloud over college finaid class action

Lawyers’ ‘misleading statements’ hang cloud over college finaid class action

By Scott Holland | Legal NewslineThe Center Square A federal judge won’t stop a class action alleging some of the country’s top higher education institutions colluded when awarding financial aid...
Screenshot 2026-04-08 at 5.36.09 PM

Casey City Council Approves Over $175,000 in Potential Matches for Downtown Business Redevelopment

Casey City Council Meeting | April 6, 2026 Article Summary: The Casey City Council unanimously approved four business district redevelopment agreements that will pump major upgrades into the downtown area,...
Ceasefire impact holds across markets despite varying reports on the Strait of Hormuz

Ceasefire impact holds across markets despite varying reports on the Strait of Hormuz

By Morgan SweeneyThe Center Square Stock markets soared and oil prices plummeted after the start of a two-week ceasefire with Iran, despite conflicting reports regarding the Strait of Hormuz. After...
SEC chairman returns ''first principles' to public markets, supports Texas exchange

SEC chairman returns ”first principles’ to public markets, supports Texas exchange

By Bethany BlankleyThe Center Square At a Texas Stock Exchange roundtable in Miami, Securities and Exchange Commission Chairman Paul Atkins outlined his plan to return “first principles” to public markets....
Complaint filed against AMA Foundation for racially discriminatory scholarships

Complaint filed against AMA Foundation for racially discriminatory scholarships

By Tate MillerThe Center Square Medical group Do No Harm filed a complaint with the Internal Revenue Service (IRS) against the American Medical Association Foundation, questioning whether the organization should...
Democrats vow to hold Bondi in contempt for refusing Epstein deposition

Democrats vow to hold Bondi in contempt for refusing Epstein deposition

By Thérèse BoudreauxThe Center Square Former Attorney General Pam Bondi is refusing to appear before the House Oversight Committee for her scheduled deposition April 14, an announcement that garnered a...
Commonwealth LNG signs supply deals with five major buyers

Commonwealth LNG signs supply deals with five major buyers

By Alton WallaceThe Center Square The owners of the proposed Commonwealth LNG export facility in Louisiana announced supply deals with five major buyers as the company crossed a key threshold...
Lawmakers hear debate over data centers including revenue, headaches

Lawmakers hear debate over data centers including revenue, headaches

By Sean Reed | The Center SquareThe Center Square (The Center Square) – With more than 100 new data center projects moving forward across Illinois in recent years, and thousands...
Illinois quick hits: Madigan corruption appeal to begin Thursday; Attorney General asks lawmakers for additional $15 million;

Illinois quick hits: Madigan corruption appeal to begin Thursday; Attorney General asks lawmakers for additional $15 million;

By Jim Talamonti | The Center SquareThe Center Square Madigan corruption appeal to begin Thursday Oral arguments are scheduled to begin Thursday afternoon in former Illinois House Speaker Michael Madigan’s...
Deficit watchdog urges Congress to cut more, spend less than Trump's budget request

Deficit watchdog urges Congress to cut more, spend less than Trump’s budget request

By Thérèse BoudreauxThe Center Square As congressional Republicans begin considering how to implement President Donald Trump’s budget request into next year’s government funding bills, fiscal responsibility groups are urging them...
Lawmaker pushes sales tax pause on gas as questions cloud 'fragile' ceasefire

Lawmaker pushes sales tax pause on gas as questions cloud ‘fragile’ ceasefire

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – With the average Illinois gas price about $1.40 per gallon higher on Wednesday than it was in...