{"id":128021,"date":"2025-09-02T20:20:07","date_gmt":"2025-09-02T20:20:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/128021\/"},"modified":"2025-09-02T20:20:07","modified_gmt":"2025-09-02T20:20:07","slug":"trump-warns-of-economic-disaster-if-tariff-appeal-fails","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/128021\/","title":{"rendered":"Trump Warns of \u2018Economic Disaster\u2019 if Tariff Appeal Fails"},"content":{"rendered":"

President Trump<\/a> has cautioned that the U.S. could experience an \u201ceconomic disaster\u201d if his appeal to the Supreme Court falls short and his tariffs are unable to be implemented. On Friday, a federal appeals court ruled 7-4 that Trump\u2019s tariffs, which were imposed under a 1977 emergency law, overstepped his legal authority. The tariffs will remain in effect until at least October 14.<\/p>\n

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\u201cIf we don\u2019t have it, we\u2019re not going to have a country. We\u2019re going to be in very, very serious financial trouble,\u201d Trump said in an interview on The Scott Jennings Radio Show on Tuesday.<\/p>\n

On Monday, Treasury Secretary Scott Bessent said that he is confident that the Supreme Court will rule in favor of Trump. At the same time, the administration is also preparing a backup plan to argue the legality of the tariffs.<\/p>\n

Tariff Refunds Could Force More Borrowing, Worsen Deficit<\/p>\n

The U.S. could be on the hook to refund tariff<\/a> collections if the Supreme Court decides to uphold the tariff ruling, adding strain to an already heavy debt burden. In July, U.S. tariff revenue reached a monthly record-high of $27.7 billion compared to $8 billion a year ago. Tariff revenue is expected to reach $172.1 billion this year, according to the Tax Foundation.<\/p>\n

If the U.S. is forced to refund tariffs, the government may need to issue more Treasury bonds amid elevated interest rates, wrote Raymond James managing director Ed Mills. Such a move would drive the federal deficit even higher.<\/p>\n

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Disclaimer & Disclosure<\/a>Report an Issue<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"President Trump has cautioned that the U.S. could experience an \u201ceconomic disaster\u201d if his appeal to the Supreme…\n","protected":false},"author":2,"featured_media":128022,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-128021","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/128021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=128021"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/128021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/128022"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=128021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=128021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=128021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}