Trump says tariffs saved the country as Supreme Court decides whether to strike them down
The Supreme Court is contemplating whether the president exceeded his authority by imposing sweeping tariffs under the International Emergency Economic Powers Act.
President Donald Trump signing reciprocal tariffs at the White House (File) (Photo by SAUL LOEB / AFP)
President Donald Trump praised tariffs as a key factor in the country's economic recovery on Saturday in a message posted on his Truth Social platform, as the Supreme Court is in the process of deliberating on the legality of these trade measures.
The Republican, on his Truth Social platform, noted:
“We are taking in TRILLIONS of Dollars in Tariffs and Investment Dollars from foreign lands because of Tariffs. I have stopped 5 of the eight WARS directly because of the threat of Tariffs if they don’t stop fighting or, better yet, if they start. There is almost no Inflation, and the worst in USA History under Sleepy Joe Biden. The Stock Market just hit an ALL-TIME HIGH for the 48th time in 9 months. To Leonard Leo, Koch, and all of the Countries and Slimeballs that have ripped off the United States of America for years through the use of their own Tariffs, we don’t have a Court System that’s going to let you destroy our Country any longer. This is the richest, strongest, and most respected the USA has ever been. November 5th, and Tariffs, are the reasons why. Thank you for your attention to this matter! President DJT.”
Trump's message comes at a critical time, just two weeks after oral arguments on Nov. 5 before the Supreme Court in a case challenging whether the president exceeded his authority by imposing broad tariffs under the International Emergency Economic Powers Act of 1977 (IEEPA).
This law, designed for emergencies, allows the executive to regulate economic transactions, but critics argue that it does not authorize unilateral trade taxes, a power constitutionally reserved to Congress.
Tariff revenue record
Under the Trump administration's tariff determination, the country has collected $195 billion in tariff revenue through September, with projections of as much as $2.8 trillion over the next decade, according to estimates from the Committee for a Responsible Federal Budget.
Additionally, officials, such as Treasury Department Secretary Scott Bessent, have warned that invalidating the tariffs could lead to risks of trade retaliation, disruptions in negotiations with allies such as Japan and the European Union, and considerable economic impact.
Criticism over tariffs
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