Trump’s Tariff Claims Challenged by Economists Ahead of Supreme Court Ruling

UPDATE: A briefing from 45 American economists has challenged President Donald Trump’s claims regarding his tariffs, just ahead of a critical ruling from the U.S. Supreme Court. The economists argue that Trump’s justification for imposing tariffs on goods from nearly every nation is fundamentally flawed and raises urgent legal questions.

In April 2025, Trump declared tariffs essential to address a so-called “national emergency,” citing threats to U.S. security and the economy. However, the economists assert that trade deficits have been a longstanding reality, not an “unusual and extraordinary” crisis. They emphasize that tariffs are unlikely to solve the underlying issues and may actually exacerbate them.

According to the economists’ brief, trade deficits are common and do not present a threat to the U.S. economy. They argue, “Trade deficits have existed consistently over the past fifty years,” and therefore do not meet the criteria for invoking the International Emergency Economic Powers Act (IEEPA). This law, enacted in 1977, has never been used to impose tariffs, raising fundamental questions about Trump’s authority.

The Supreme Court’s decision will impact millions of Americans, as the economists warn that the tariffs could lead to a loss of trillions of dollars in economic activity over the next decade. They highlight that tariffs “unambiguously reduce total trade flows,” which could leave the trade deficit unchanged or even increase it.

As the Supreme Court prepares to hear arguments, the stakes have never been higher. The ruling could redefine presidential powers regarding trade and impact businesses and consumers alike. Experts are closely watching how the justices will handle the “major questions” doctrine, which requires clear congressional authorization for decisions of vast economic significance.

In light of these developments, the economists conclude that Trump’s tariff strategy not only misrepresents economic realities but also poses significant risks to the U.S. economy. The implications of this case are profound, affecting everything from consumer prices to international relations.

As the situation unfolds, the public and policymakers alike are urged to consider the broader implications of tariffs and trade policies. The Supreme Court’s ruling is expected to be released soon, and its impact will resonate well beyond the courtroom, shaping the future of U.S. economic policy.

Stay tuned for further updates as this story develops.