With many Americans awaiting a Supreme Court decision on the sweeping Trump tariffs and some experts believing the Court will rule on them any day now — possibly as soon as Wednesday — the president is once again sending a clear warning to the justices: allow the tariffs or America is “screwed.”
During the November oral arguments, liberal and conservative justices appeared skeptical of the administration’s claim it has the power to impose global tariffs by declaring a national emergency.
President Trump has repeatedly said the tariffs are necessary for national security, and said that if the court does not allow them the U.S. would be in no position to give refunds of billions of dollars. Treasury Secretary Scott Bessent late last week said refunds “won’t be a problem.”
Trump on Monday appeared to disagree.
READ MORE: ‘Organized Gangs of Wine Moms’ Are Impeding Federal Agents Says Fox Columnist
“The actual numbers that we would have to pay back if, for any reason, the Supreme Court were to rule against the United States of America on Tariffs, would be many Hundreds of Billions of Dollars,” Trump wrote on Truth Social Monday afternoon. It is possible the Court could rescind the Trump tariffs and not require refunds.
The president then added that “the amount of ‘payback’ that Countries and Companies would require for the Investments they are making on building Plants, Factories, and Equipment, for the purpose of being able to avoid the payment of Tariffs. When these Investments are added, we are talking about Trillions of Dollars!”
He claimed any negative ruling would create “a complete mess,” and make it “almost impossible for our Country to pay.”
Despite his Treasury Secretary’s remarks, Trump added, “Anybody who says that it can be quickly and easily done would be making a false, inaccurate, or totally misunderstood answer to this very large and complex question.”
“It may not be possible but, if it were, it would be Dollars that would be so large that it would take many years to figure out what number we are talking about and even, who, when, and where, to pay,” he claimed.
And he warned point-blank, “if the Supreme Court rules against the United States of America on this National Security bonanza, WE’RE SCREWED!”
READ MORE: Trump ‘Losing Political Fight’ to Fed Chair: Analyst
Image via Reuters
There’s a reason 10,000 people subscribe to NCRM. You can get the news before it breaks just by subscribing, plus you can learn something new every day.
