Trump warns trade deals with EU and others may be unwound if tariffs ruled illegal
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The news: US President Donald Trump said the United States might have to “unwind” trade deals with the European Union, Japan, South Korea and others if the Supreme Court upholds a ruling that found many of his tariffs were illegal.
What they said: Speaking in the Oval Office, Trump said losing the case would leave the US “far poorer” and that the country “is going to suffer so greatly.”
He said the tariffs gave him leverage to strike deals that are “all done,” and claimed the EU is “paying us almost a trillion dollars.”
His administration will ask the Supreme Court to reverse a ruling that he wrongfully invoked emergency powers to impose the tariffs.
Separately, Canadian Prime Minister Mark Carney said the US and Canada were in negotiations to resolve issues in tariff-affected sectors including autos, steel and aluminium after a “very constructive” call with Trump.
Carney said agreements are expected in some strategic sectors, but cautioned that a deal might not come together quickly.
