WASHINGTON – The Supreme Court’s decision to overturn a big chunk of President Donald Trump’s tariff policy sparked concerns about how he will deal with domestic budgeting and international dealmaking.
Tariffs were projected to generate $2.5 trillion over the next decade. The loss of the portion of the tariffs the court ruled unlawful leaves a gaping hole in Trump’s spending priorities and deficit reduction.
Trump has also argued that the tariffs gave him enormous leverage to negotiate with foreign leaders and companies over trade, immigration, drug enforcement and military conflicts.
"WE'RE SCREWED!" if the high court overturns the tariffs, Trump said on social media Jan. 12.
Trump had warned in a social media post before the high court’s argument in November that the country would face an "economic disaster" unless the tariffs remained in place and called the case a matter of "LIFE OR DEATH.”
