President Donald Trump says the U.S. could be a 'Third World country' without tariffs in place.
U.S. President Donald Trump indicated Tuesday that he’ll appeal to the United States Supreme Court as early as Wednesday in an effort to overturn a ruling that found many of his tariffs illegal and cast doubt on his plans to realign global trade.
“If you took away tariffs , we could end up being a Third World country,” Trump told reporters in the Oval Office. “So we’re asking for an expedited ruling.”
Last Friday, the United States Court of Appeals for the Federal Circuit found that Trump’s “Liberation Day” tariffs and his fentanyl-related duties exceeded his powers under the national security statute he used to impose them.
Trump used the International Economic Emergency Powers Act of 1