In an interview on Fox News “Sunday Morning Futures,” President Donald Trump warned that if the Supreme Court rules his tariffs unconstitutional, the United States will struggle economically for years. The president stated, “If we win the tariff case, which hopefully we will, it’s vital to the interests of our country. We’re the wealthiest country there is. If we don’t, we’ll be struggling for years to come.”

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Trump claimed that his threat of imposing 200% tariffs helped stop a war between India and Pakistan and said tariffs are the primary reason companies are investing in U.S. facilities to produce pharmaceuticals, chips, and other products domestically. “The pharmaceuticals are coming back already, again tariffs. So essentially, I’m putting tariffs on pharmaceuticals unless they’re made here,” the president said. He added, “Chips – I put big tariffs on chips, unless they’re made here – there’s no tariff if they make them here, and all those companies are coming back from Taiwan, they’re coming back from all over the world, and they’re coming back fast.”

The president asserted that the U.S. will have brought in $17 trillion in investments over the first eight months of his term and could exceed $20 trillion by the end of his first year, calling this “a miracle what’s happening.” He also said, “We are building the greatest country in the world, economically greater than we’ve ever been before. But we do have a big decision and that decision is coming up in the Supreme Court.”

Trump characterized the legal challenge to his tariffs as being “fought by radical left lunatics that don’t even know what they’re doing and people that represent foreign countries that have taken advantage of us for years.” The legal challenge stems from lawsuits brought by U.S. small businesses affected by tariffs, which question the constitutionality of tariffs imposed under the International Emergency Economic Powers Act (IEEPA). A federal district court and appeals court have already ruled that the president exceeded his legal authority by imposing tariffs under IEEPA, prompting the administration’s appeal to the Supreme Court.

Regarding the U.S. automobile industry, Trump stated, “We lost 55% of our automobile business because of the fact that we didn’t use tariffs. If we used tariffs we wouldn’t have lost anything.” The president said he has not considered a backup plan should the Supreme Court strike down his tariff regime.

Source: IndexBox Market Intelligence Platform