Trump warns that he will “relax” on commercial deals if the Supreme Court does not adhere to his definitions

At a press conference of the Oval Office on Wednesday, Trump warned of the lack of a tariff that would destroy the administration to conclude deals with commercial partners such as South Korea and the European Union.

“Our country has an opportunity to be incredibly rich again. This may also be incredibly poor again. If we do not win this issue, our country will suffer greatly,” Trump said.

He added: “We have concluded an agreement with the European Union, as they pay us nearly a trillion dollars.” “And you know what? They are happy. It has been done. These deals are over, I think we have to relax them.”

The American Court of Appeal for the Federal Department Ruling On Friday, Trump exceeded his authority to summon economic power law in international emergency situations for the year 1977 to declare national emergencies to justify definitions. In February, Trump said he would do Imposing a tariff on Mexico and Canada As a means of stopping illegal drug traffic such as fentanel across the border and stopping uncomfortable migrants from entering the country. Announce Another set of drawings As a means of stimulating local manufacturing. The ruling was supported by a resolution By a federal trade court in New York from May.

On Wednesday, Trump The Supreme Court asked To support its definitions. According to LiftPublic Prosecutor d. John Sawyer from the Supreme Court to make their decision regarding the case review by September 10, saying that the decision of the federal department “has disrupted very sensitive and fatty diplomatic negotiations from the legal uncertainty of the president’s efforts to protect our country by preventing the unprecedented economic and economic policy crisis.”

Attracting Trump’s tariff policy also means that American companies can seek to search for 150 billion dollars recovery Through customs and border protection on the taxes they already paid.

The White House did not respond luckRequest to comment.

Will Trump actually lose in commercial negotiations?

Trump notes that he will melt his commercial relations if he defined it, as it is hollow because the agreements that he concluded are not legally binding deals, according to Brett House, professor of professional practice at Colombia College of Business.

“This is really nothing more than a custom letters,” said House luck. “The saying that many will be lost is greatly exaggerated in the quality of these initial, very violent, and superficial agreements.”

House said that Trump’s argument for the US loss in negotiations is undermining legitimate business deals valid before the administration that imposes a wave of import taxes. He was martyred in 1994 in power North America’s Free Trade AgreementThat replaced it The United States and Mexico-Canada Convention In 2020.

In April, Trump said this since the beginning of NAFTA, the United States It lost 90,000 factoriesRepeated the need for American reinforcement. While the number coincides with what was used in 2020 a report From the Institute of Economic Policy, the revised statistics data used in this report found a net loss of 70,500 manufacturing facilities between 1997 to 2022, CBS news I mentioned for the first time. About a quarter of these factories were four or less than workers.

House said: “If there is anything, the interested and ready countries to negotiate comprehensive and legally binding trade agreements within the United States are now less likely to do so because they can see the good word of the United States – with countries where there are already agreements – to reduce confidence,” House said.

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