financetom
Business
financetom
/
Business
/
Trump says US might have to unwind trade deals with EU, others if it loses tariff case
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump says US might have to unwind trade deals with EU, others if it loses tariff case
Sep 3, 2025 10:15 AM

WASHINGTON (Reuters) -President Donald Trump said on Wednesday the United States might have to "unwind" trade deals it has clinched with the European Union, Japan and South Korea, among others, if it loses a Supreme Court case on the legality of tariffs.

Trump, speaking to reporters at the start of a meeting with Polish President Karol Nawrocki, said his administration was asking the Supreme Court to reverse a U.S. appeals court ruling last week that found many of his tariffs were illegal.

Losing that case would leave the United States far poorer, and could jeopardize trade agreements made in recent months, he said, adding that he thought the administration would prevail.

"Our country has a chance to be unbelievably rich again. It could also be unbelievably poor again. If we don't win that case, our country is going to suffer so greatly, so greatly," he said.

Trump said his imposition of tariffs on most trading partners had paved the way for trade deals with the EU and others that were already completed, with others still being negotiated.

"We made a deal with the European Union where they're paying us almost a trillion dollars, and you know what? They're happy. It's done. These deals are all done," he said. "I guess we'd have to unwind them."

Trump's comments were his first suggesting that the trade deals reached with major trading partners could be invalidated if the Supreme Court lets Friday's ruling stand.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US auto regulator opens probe into over 200,000 Ford vehicles
US auto regulator opens probe into over 200,000 Ford vehicles
May 10, 2024
May 10 (Reuters) - The U.S. auto safety regulator said on Friday it was opening a preliminary evaluation into 210,960 Ford vehicles following complaints alleging diesel fuel leaks that may result in a fire. A preliminary evaluation is the first step to determine whether the vehicles pose an unreasonable risk to safety. ...
PDS Biotechnology Says Head, Neck Cancer Therapy Met Main Goal in Mid-Stage Study
PDS Biotechnology Says Head, Neck Cancer Therapy Met Main Goal in Mid-Stage Study
May 10, 2024
05:49 AM EDT, 05/10/2024 (MT Newswires) -- PDS Biotechnology ( PDSB ) said late Thursday its experimental therapy to treat a type of head and neck cancer in combination with Merck's Keytruda met the primary study endpoints in a phase 2 clinical trial. The data from the study showed that the combination therapy was well tolerated among patients, with 30...
Virtus Investment Partners Reports Sequential Decline in April Preliminary Assets Under Management
Virtus Investment Partners Reports Sequential Decline in April Preliminary Assets Under Management
May 10, 2024
05:58 AM EDT, 05/10/2024 (MT Newswires) -- Virtus Investment Partners ( VRTS ) reported late Thursday preliminary assets under management of $170.06 billion as of April 30, down from $179.31 billion at the end of March. In addition, the company said it provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management. ...
AllianceBernstein Reports Decline in April Preliminary Assets Under Management
AllianceBernstein Reports Decline in April Preliminary Assets Under Management
May 10, 2024
05:53 AM EDT, 05/10/2024 (MT Newswires) -- AllianceBernstein ( AB ) said late Thursday that preliminary assets under management fell to $737 billion during the month of April from $759 billion at the end of March. Firmwide, market depreciation outweighed net inflows, resulting in a 3% decline in assets under management, the company said. By channel, net inflows in retail...
Copyright 2023-2026 - www.financetom.com All Rights Reserved