Trump Blames Supreme Court Tariff Ruling for Loss of ‘Hundreds of Billions’ in Revenue

US President Donald Trump has renewed his attack on the Supreme Court over its ruling against a category of his tariffs, claiming the decision cost the federal government hundreds of billions of dollars in revenue and dealt a severe blow to the US economy.

Speaking to reporters at Joint Base Andrews on Saturday after returning from a political rally in Tennessee, Trump cited the ruling when asked about the federal deficit, which a reporter said had reached $2 trillion in the preceding fiscal year.

“The Supreme Court hurt very badly because they wanted us to give back a certain form,” Trump said, referring to the tariffs affected by the judgment. “And that was hundreds of billions of dollars.”

He added that the ruling was “very bad for our country”, but did not specify the amount of revenue affected or provide a detailed account of its impact on the deficit.

TRUMP DEFENDS TARIFFS AS REVENUE GENERATOR

Earlier, at a Republican campaign event in Clarksville, Tennessee, Trump defended his trade policy, presenting import duties as a key source of government revenue and a driver of investment in domestic manufacturing.

“We're getting rich because of tariffs,” he told supporters, claiming the government was collecting trillions of dollars through the duties. He also said his administration had secured $21 billion in investment pledges, though the claim was not independently verified in the material reviewed.

Trump has repeatedly linked tariffs to efforts to bring manufacturing back to the United States, arguing that import duties encourage domestic and international companies to establish production facilities in the country.

TRUMP PROMISES $5,000 PAYMENTS AHEAD OF MIDTERMS

Linking his economic agenda to the November 3 midterm elections, Trump promised to distribute $5,000 to every adult US citizen if Republicans secured majorities in both chambers of Congress.

“I am going to give all adult citizens in the United States of America $5,000 everywhere,” he said, claiming the payments would be funded through tariff revenue. He estimated the total cost of the proposed scheme at around $1 trillion.

Trump also cited investment announcements by Korea Zinc and General Motors in Tennessee as evidence of industrial expansion under his trade framework.

According to the president, Korea Zinc had committed more than $6 billion to facilities in Montgomery and Smith counties, while General Motors had announced a $275 million investment in its Spring Hill production site.

The Supreme Court ruling has become a central point in Trump's defence of his economic record as Republicans campaign on trade, manufacturing investment and the cost of living ahead of the midterm elections.

With inputs from ANI