Trump warns US will be 'struggling for years' if Supreme Court rules against him on tariffs

Economic Impact of Tariffs - President Trump stated that if the Supreme Court rules his tariffs unconstitutional, the U.S. economy will struggle for years [1][2] - He emphasized that winning the tariff case is vital for the country's interests, claiming that the U.S. is the wealthiest country and that losing the case would lead to economic difficulties [2][8] Tariffs and Domestic Investment - Trump claimed that his tariffs have encouraged companies to invest in U.S. facilities for pharmaceuticals, chips, and other products, asserting that these industries are returning to the U.S. due to tariff incentives [5][8] - He mentioned that the U.S. has attracted $17 trillion in investments in the first eight months of his term, with projections of over $20 trillion by the end of the first year [6] Legal Challenges and Supreme Court Hearing - Small businesses have challenged the constitutionality of Trump's tariffs, which were imposed under the International Emergency Economic Powers Act (IEEPA) [9] - A federal district court and appeals court ruled that the president exceeded his authority under IEEPA, leading to an appeal to the Supreme Court, which will hear the case on November 5 [10][14] National Security Concerns - Trump argued that tariffs are essential for national security, stating that if tariffs were removed, it would compromise the U.S.'s national security [14] - He expressed concern over the historical use of tariffs against the U.S. and the significant loss of the automobile business due to a lack of tariff enforcement [13]