US President Donald Trump and his tariffs have been a topic of discussion around the world. In such a situation, when it started being opposed in America also, Trump defended it and targeted the opponents fiercely. On Sunday, Trump said those who are against tariffs are “fools.” He also claimed that because of tariffs, America has become the richest and most respected country in the world, where there is almost no inflation.
Trump wrote on his social media platform ‘Truth Social’ that America is earning trillions of dollars from tariffs and with this money the country will soon start repaying its debt. He also said that all Americans will be given a dividend of at least $2,000. However, people with high income will not get this amount.
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Record investments taking place in America – Trump
Trump further claimed that due to the tariff policy, record investments are being made in America and new plants and factories are being built. Also, plans like 401(k) (retirement savings plans) are at an all-time high.
Let us tell you that this statement of Trump has come amid the ongoing discussions regarding tariffs around the world, when the US Supreme Court has started an important hearing from November 6 regarding the global tariffs imposed during Trump’s presidency. This case is being considered a very important economic case in American courts.
Judges expressed doubt on Trump’s policy
Several judges have heard the case, including Amy Coney Barrett, Neil Gorsuch, and Brett Kavanaugh. He expressed doubt on Trump’s policy. Justice Barrett questioned why the Administration used a federal law to impose the same tariffs on all countries. During this, Finance Minister Scott Besant told the court that the administration sees it as an economic emergency.
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Levitt expressed confidence in the arguments of law
Apart from this, White House Press Secretary Caroline Levitt said that the government is aware of every possible decision of the court, but it has full confidence in its legal arguments. He said that we have full confidence that the Supreme Court will give the right decision based on law and facts. This case will define the tariff policy not only of the Trump administration but also for the coming governments.
