Trump warns says tariffs are ‘huge positive’ for stock market

President Donald Trump said that on Friday, the US courts to prevent the tariff policy, the “positive effect” on the stock market, and said that such a movement could lead to a serious economic decline.

“If a radical left court decided against us in this late date, it would be impossible to regain or return the amounts of money and honor in order to reduce or disturb the amount of money, to create reserves and to influence the impact of the US.” He wrote on the truth Platform Friday morning.

“1929 would be a great depression again,” he added.

Trump’s comments are coming because he hears allegations about how the Federal Court of Appeal Court will handle the tariff policy. Former Parliament Speaker Paul Ryan said CNBC this week that the Supreme Court could disqualify the tasks ordered within the scope of the International Emergency Economic Authorities Law, which entered into force by the Congress in 1977.

Trump, the courts’ potential actions around the tariffs, “America’s wealth, power and power to manage against the power, at the beginning of our country, at the beginning of our country, at the beginning of our country, all our country should not be in danger of the 1929 style.” He said. “There is no way for America to get rid of such a judicial tragedy.”

Legal challenges for the implementation of higher US tariffs by the White House focused on the allegations that they could overcome the emergency powers given to the President by the congress in the 1970s. However, Alan Wolff, a senior man at the Peterson International Institute of Economics report This week, the shooting of these taxes would lead to a “large amount of bureaucracy” that would receive a repayment.

Wolff, “This is a bell that will not be easily opened.” He said.

Market effect

Trump said tariffs have a “great positive effect on the stock market. This year, the markets seem to have responded positively when they call the White House tariffs every time, and Trump reacted negatively when they filed a lawsuit for higher tasks on imports.

For example, when Trump suspended his first “Liberation Day” tariffs in early April for the next 90 days, Nasdaq composite It increased by 7% in just a few minutes, and other major market averages published big gains that week. Since then, the market has seen that certain sectors have jumped when Trump supports targeted threats, such as those who opposed semiconductor imports. Companies like AMD And Marvelltogether AppleLater, he issued solid gains with tasks that are exempt exempted to any company explaining the plans to add production in the USA.

However, the rallies have often proved that the President often changes gear in the tariff rhetoric. Recently, markets have been more stable around the tariff news, investors see the President’s views as subject to constant change.

– Jeff Cox and Scott Schnipper from CNBC contributed to reporting,