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Trump warns courts against knocking down tariffs, says duties are 'huge positive' for stock market

12d ago
Business
CNBC
Trump warns courts against knocking down tariffs, says duties are 'huge positive' for stock market
President Trump cautioned the courts against overturning tariffs, asserting they are a significant benefit to the stock market. He warned that reversing these duties could trigger an economic downturn reminiscent of the Great Depression. Trump's statement underscores his administration's continued reliance on tariffs as a key economic tool, despite ongoing debates about their impact on consumers and international trade relations. The president's remarks come amid legal challenges to some of the tariffs imposed during his term, adding further scrutiny to his trade policies. His strong defense of tariffs signals a potential clash with the judiciary should they rule against the administration's trade measures.
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