President Donald Trump warned on Wednesday that the United States may have to unwind trade deals with the European Union, Japan, South Korea, and other partners if it loses a key Supreme Court case on tariffs.
Speaking at the start of a meeting with Polish President Karol Nawrocki, Trump said his administration has asked the Supreme Court to overturn an appeals court ruling that declared many of his tariffs illegal.
He stressed that losing the case would harm the U.S. economy and threaten recently negotiated trade agreements. “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,” Trump said.
Trump credited his tariffs on major trading partners with paving the way for new deals, including those with the European Union. “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 added, suggesting they may need to be unwound if the ruling stands.
These comments mark the first time Trump has indicated that recent U.S. trade agreements could be at risk if the Supreme Court upholds the lower court’s decision.
