President Donald Trump declared Tuesday that there will be serious economic consequences if the U.S. Supreme Court does not hear his appeal on a federal appeals court ruling last week that declared many of his administration’s tariffs to be illegal.
Speaking on “The Scott Jennings Radio Show,” Trump said, “This decision’s an overhang.” He added, “It’s an emergency.”
“We’re going in as an emergency — we’ll probably be doing it tomorrow … you see the stock market, this decision is an emergency. There’s a pall over the country waiting for the Supreme Court,” the president said. Stocks fell more than 1% Tuesday afternoon, partly due to a sharp rise in bond yields driven by concerns over the loss of tariff revenue.
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