President Trump on Saturday once again made his plea for the Supreme Court to rule in favor of his sweeping tariffs.
“Tariffs have made our Country Rich, Strong, Powerful, and Safe,” he wrote on Truth Social. “They have been successfully used by other Countries against us for Decades, but when it comes to Tariffs, and because of what I have set in place, WE HAVE ALL THE CARDS, and with a smart President, we always will!”
The United States has collected some $320 billion in customs and excise taxes this year, compared with $170 billion at this point last year, according to the Penn Wharton Budget Model.
“Wars have been stopped, and stronger relationships with other countries have been built, even though they are not allowed to rip off the United States anymore. The Stock Market and 401k’s have hit an all time high, Inflation, Prices and Taxes are DOWN. Education is being brought back to the States (where it belongs!), and our Military, and Southern Border, is the strongest they have ever been,” Mr. Trump posted. “The USA is respected again, respected like never before. All of this was brought about by Strong Leadership and TARIFFS, without which we would be a poor and pathetic laughingstock again.”
Nearly a third of imports are subject to tariffs that Mr. Trump imposed under a 1977 law that granted the president certain powers over international negotiations during economic emergencies.
Small businesses and blue states have sued Mr. Trump, saying he swiped Congress’ taxing power when he used the law to impose blanket tariffs on other nations.
The businesses argue that the tariffs are a significant cost burden because companies must cover the costs of the levies when importing foreign goods into the U.S.
The Supreme Court this month heard oral arguments over Mr. Trump’s tariffs. Some of the nine justices seemed skeptical of his position.
“Evil, American hating Forces are fighting us at the United States Supreme Court. Pray to God that our Nine Justices will show great wisdom, and do the right thing for America!” he posted.
The administration estimated it would have to refund $750 billion to $1 trillion in tariff revenue if the court rules against it. The opinion doesn’t arrive until June.
