U.S. President Donald Trump speaks at an event to commemorate the recipient of the Purple Hearts in the East Room of the White House in Washington, D.C. on August 7, 2025.
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president Donald Trump Warned US courts not to stop him on Friday Tariff Policywith its “positive impact” on the stock market and said such a move could lead to a severe recession.
“If a radical left ruled on us on this later date, trying to reduce or disturb the largest money ever, creating wealth and influence in the United States, then these large amounts of money and honors are impossible to recover or repay, “Trump” Writing his truth society Platform Friday morning.
“It will be 1929, and it’s a Great Depression,” he added.
Trump’s comments are in the federal appeals court Listening argument On how to deal with his tariff policy. Former House Speaker Paul Ryan Tell CNBC this week The Supreme Court may eventually cancel its duties under the International Emergency Economic Powers Act enacted in 1977.
“If they intend to oppose the wealth, strength and strength of the United States, they should have done this long ago at the beginning of the case, although our entire country, though there is no chance of being such a great opportunity again, would otherwise not be in the danger of 1929,” Trump said of the court’s potential actions around the tariffs. “The United States cannot recover from such a judicial tragedy.”
The focus of the White House’s legal challenge to higher U.S. tariffs is that they may exceed the emergency powers conferred by Congress in the 1970s. But Alan Wolff, a senior researcher at the Peterson Institute for International Economics, is Report This week, these levys will lead to a “large amount of traditional Chinese tape festival” around who gets refunded.
“It’s a bell that can’t be easily completely unrelated,” Wolf said.
Market Influence
Trump said tariffs had a “huge positive impact” on the stock market. Whenever the White House dials back tariffs, the market seems to react positively this year, and negatively reacts to the U.S. response when Trump raises higher tariffs
For example, when Trump suspended the initial “liberation day” tariffs over the next 90 days, Nasdaq Composite Materials It soared 7% in just a few minutes, with other major market averages also making great gains for the week. Since then, whenever Trump backs up the threat to targeting Trump’s targeted imports, the market has seen specific sectors jump. Such as AMD and Malvillealso appleThen, a reliable gain was issued to the responsibilities of any company that announced plans to increase manufacturing in the United States.
However, the rally often proved short-lived because the president often changed his tariff rhetoric. Recently, the market has become more stable around tariff news, with investors seeing the president’s view as a changing view.
– CNBC’s Jeff Cox and Scott Schnipper contributed the report,
