WATCH: Trump says tariffs may cost Americans ‘something’ but keep U.S. safe

Spread the love

President Donald Trump said Thursday Americans should be thankful for his tariffs, which he said he has used to end wars that Americans would otherwise be fighting in.

Trump’s remarks followed Supreme Court Chief Justice John Roberts’ characterization of the tariffs as “taxes on Americans” during a high-profile hearing on Wednesday.

For months, the White House has insisted that foreign nations would bear the costs of the tariffs, which are taxes on imports. However, more recent data suggests Americans are paying for at least a portion of the tariffs.

Trump said Thursday that while U.S. consumers may be paying part of the costs, the tariffs are keeping Americans from fighting in foreign wars.

“I think they might be paying something, but when you take the overall impact, Americans are gaining tremendously,” Trump said during an Oval Office meeting. “They’re gaining through national security – I’m ending war because of these tariffs, Americans would have to fight in some of these wars.”

Trump has helped broker peace deals between eight groups, most recently Israel and Hamas. The other seven conflicts Trump frequently cites are Israel and Iran, Pakistan and India, Rwanda and the Democratic Republic of Congo, Thailand and Cambodia, Armenia and Azerbaijan, Egypt and Ethiopia, and Serbia and Kosovo.

Trump also said his tariffs are helping Americans get respect.

“They’re gaining in self-respect for our own country,” Trump said. “Other countries used to laugh at us.”

Exit polls from Tuesday’s elections showed voters were focused on pocketbook issues, including prices at the grocery store. While gas prices have fallen since Trump took office, others have increased significantly, including coffee (up 18.9%) and ground beef (up 12.9%). Those exit polls also track with pre-election polling from The Center Square, which found prices were top of mind for voters. Democrats won most of the key races on Tuesday, frustrating Republicans ahead of the 2026 midterms.

Trump also said his tariffs were helping to keep the U.S. financially afloat.

“This is national security. And, by the way, [not] going bankrupt is national security,” the president said. “Our country was really in trouble. The difference between going bankrupt and thriving, that’s also national security. When you go bankrupt, when you don’t have any money, you have no national security.”

That contradicts arguments made by Trump’s Solicitor General, D. John Sauer, before the Supreme Court on Wednesday. During that hearing, Sauer said the tariffs were regulatory in nature and not intended to raise revenue.

The U.S. debt stands at about $38 trillion, according to the U.S. Department of Treasury.

On Wednesday, Supreme Court justices sharply questioned attorneys on both sides of a case challenging Trump’s tariff authority.

Twelve states, five small businesses and two Illinois-based toymakers have challenged Trump’s authority to impose tariffs under a 1977 law without Congressional approval. That law, the International Emergency Economic Powers Act, doesn’t mention the word “tariff” and has never been used to impose tariffs. Trump’s legal team argues that the law is a clear delegation of emergency power, granting the president broad authority to act in times of crisis.

The Supreme Court is expected to decide the case before the end of June, if not sooner.

Trump has said he wants to use tariffs to restore manufacturing jobs lost to lower-wage countries in decades past, shift the tax burden away from U.S. families and pay down the national debt. Economists, businesses and some public companies have warned that tariffs will raise prices on a wide range of consumer products.

A Congressional Budget Office report from August estimated tariffs could bring in $4 trillion over the next decade. That CBO report came with caveats and noted that tariffs will raise consumer prices and reduce the purchasing power of U.S. families.

Leave a Comment





Latest News Stories

No ethics reform in sight as ex-speaker’s scheduled prison term begins

No ethics reform in sight as ex-speaker’s scheduled prison term begins

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – As his predecessor’s scheduled 7.5-year prison term for public corruption begins, the speaker of the Illinois House...
Trump losing ground on economy, poll finds

Trump losing ground on economy, poll finds

By Brett RowlandThe Center Square Donald Trump rode a poor economy back to the White House during his 2024 campaign, but seven months into his second term, most voters aren't...
Major tech company to cut H-1B visas amid Trump pressure, fee

Major tech company to cut H-1B visas amid Trump pressure, fee

By Andrew RiceThe Center Square Tata Consultancy Services, a large employer of H-1B visa holders in the United States, will stop using the program due to new fees from the...
US, India to hold new round of trade talks, with focus on energy

US, India to hold new round of trade talks, with focus on energy

By Alton WallaceThe Center Square India and the United States will resume trade talks this week in Washington, with the Trump administration seeking increased purchases of U.S. oil and gas...
Johnson: Republicans 'have plans' to 'fix' Obamacare

Johnson: Republicans ‘have plans’ to ‘fix’ Obamacare

By Thérèse BoudreauxThe Center Square As the ongoing government shutdown enters its third week, Republican leaders are reminding Democrats that by blocking the House-passed funding bill, they are also delaying...
Illinois House Speaker: 'Mr. Trump, tear down this fence!'

Illinois House Speaker: ‘Mr. Trump, tear down this fence!’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The speaker of the Illinois House has compared a fence outside U.S. Immigration and Customs Enforcement in...
MIT rejects White House education demands

MIT rejects White House education demands

By Esther WickhamThe Center Square The Massachusetts Institute of Technology refused to sign the White House agreement that would grant federal funds linked to the administration's demands. The Trump administration...
Energy cost concerns loom as legislators look at policy changes

Energy cost concerns loom as legislators look at policy changes

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois legislators are set to begin the fall veto session Tuesday with some worried electric rate increases...

WATCH: Trump touts ‘historic’ ‘Peace Summit’ as world leaders convene in Egypt

By Sarah Roderick-FitchThe Center Square President Donald Trump is celebrating a historic, whirlwind trip to the Middle East that concluded with a “Peace Summit” in Sharm el-Sheik, Egypt, of over...
PJM exit: A price solution or power move?

PJM exit: A price solution or power move?

By Lauren Jessop | The Center Square contributorThe Center Square (The Center Square) – Surging electricity demand, an aging grid, and generation sources retiring faster than new ones can be...
U.S. consumers to pay 55% of tariff costs, Goldman Sachs says

U.S. consumers to pay 55% of tariff costs, Goldman Sachs says

By Brett RowlandThe Center Square U.S. consumers will end up paying the bulk of the cost for President Donald Trump's tariffs, according to a report from Goldman Sachs. The report...
JPMorganChase to invest $10B in U.S. firms key to national security

JPMorganChase to invest $10B in U.S. firms key to national security

By Brett RowlandThe Center Square JPMorganChase said Monday it would invest $10 billion in industries tied to U.S. national security as part of a decade-long plan to help protect the...
Broadview, Illinois reduces ICE protest zone after ‘chaos,’ 15 arrests

Broadview, Illinois reduces ICE protest zone after ‘chaos,’ 15 arrests

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – The village of Broadview, Illinois is reducing the area where protesters can stage near the Immigration and...
Louisiana: Voting Rights Act 'balkanizes' competing racial factions

Louisiana: Voting Rights Act ‘balkanizes’ competing racial factions

By Nolan MckendryThe Center Square Louisiana will argue on Wednesday at the U.S. Supreme Court that part of the Voting Rights Act is “is inconsistent with the letter and spirit...
Illinois’ ‘F’ grade leaves taxpayers on the hook for billions, watchdog says

Illinois’ ‘F’ grade leaves taxpayers on the hook for billions, watchdog says

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Budget gimmicks, pension debt and late financial reports are leaving Illinois taxpayers in the dark, according...