Why this Trump official says SCOTUS ruling against tariffs would cause 'economic pain and hardship'

Tariffs and Trade - The administration believes the president has the authority to decide what constitutes a foreign policy emergency and implement tariffs [2][3] - Tariffs are considered a key tool to address trade deficits and enhance national security, interwoven with economic security [7] - Nearly $200 billion in tariff revenue has been collected as of September 30th [10] - Reversing or watering down the tariff policy could damage financial markets and confidence [12] - Contingency plans exist to implement tariffs through other avenues if the court rules against the administration [16] Economic Impact and Policy - The administration views tariffs as a centerpiece of the economic agenda, crucial for re-industrialization and attracting foreign capital [8] - A negative court ruling on tariffs could cause unnecessary economic pain and hardship [8] - The government shutdown could lead to a loss of up to $15 billion a week, potentially reducing GDP by half a percentage point [20][21] - The Treasury increased bill issuance to rebuild its balance, with bill issuance around 20% of total issuance, aligning with the historical average [24] - The administration believes interest rates are too high and hopes the Federal Reserve will lower rates, which would help the housing sector [24][25]