US President Donald Trump warned that the United States might have to “unwind” trade agreements with the European Union, Japan, South Korea, and others if it loses a key Supreme Court case on tariffs. He cautioned that such an outcome would cause the country “to suffer so greatly.”
Trump further stressed that a defeat could leave America “unbelievably poor again.”
The administration has taken the tariff dispute to the Supreme Court, urging the justices to issue a swift ruling affirming the president’s authority to impose broad trade penalties under federal law.
"We made a deal with the European Union where they're paying us almost a trillion dollars. And you know what? They're happy. It's done. These deals are all done," he said. "I guess we'd have to unwind them," he added.
Trump, while speaking to the reporters, had said that the US has a chance a "become unbelievably rich again" and warned of the opposite if the Supreme Court didn't reverse the order.
"Our country has a chance to be unbelievably rich again. It could also be unbelievably poor again. If we don't win that case, our country is going to suffer so greatly, so greatly," Trump said.
"The president's announcement today that the deals could be unwound reflects an effort to maximise leverage on the US side," Ryan Majerus, a former senior US trade official, told Reuters.
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