Markets Insider: The trade war is back: Stocks plunge on Trump’s ‘massive’ tariff threat

  • Stocks plunged on Friday after Trump revived fears of the trade war with China.
  • The president said he would consider a “massive increase” in tariffs on China.
  • Investors are concerned that a trade deal with Beijing could be in jeopardy.

US stocks sold off on Friday as President Donald Trump threatened to revive the trade war with China. The S&P 500 saw its steepest loss since April.

In a post on Truth Social, the president said he believed China was “becoming very hostile” in trade talks, and that there now seemed like there was “no reason” to speak with China’s President Xi Jinping in South Korea as planned later this month.

The day was a painful reminder for investors that tariffs are still a threat to the market and the economy. Oil prices cratered in line with stocks, with brent and US crude prices down 4% on fears of weaker economic activity hitting energy demand. The 10-year Treasury yield dropped nine basis points to 4.05%.

“One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America,” Trump wrote in a post on Truth Social, adding that there were “many other countermeasures” that were under “serious consideration” in the US.

Trump added that China’s desire to impose export controls on items like rare earth minerals would “clog” markets and “make life difficult for virtually every Country in the World.”

A finalized trade deal with China, one of the US’s largest trading partners, has been at the top of investors’ wish list after tariff anxieties sent markets plummeting earlier this year.

“President Trump is sparking risk-off sentiments in markets,” José Torres, a senior economist at Interactive Brokers, said in a note on Friday. “Investors are clamoring for safe havens as a heavy levy increase could weigh on corporate earnings and the economic outlook.”

“Trump’s actions against China this morning were the excuse the market needed to begin correcting,” Tom Bruni, the head of markets at Stocktwits, wrote in a note.

Stocks got a boost after Trump first reached a preliminary trade agreement with China in mid-May, which involved both nations lowering tariffs for a 90-day period that has since been extended. In the last extension, the US agreed to lower its tariff rate to 30% on goods from China, while China is levying a 10% tariff on US goods through November 10.

https://www.businessinsider.com/stock-market-today-trump-china-tariffs-threat-sp500-dow-nasdaq-2025-10

Slingshot News: ‘They’ll Be Struggling’: Trump Owns Up To His Economic Failures, Admits Tariffs Will Destroy Farmers In Oval Office Signing Event

Donald Trump signed a batch of executive orders in the Oval Office several days ago. During his remarks, Trump admitted that farmers will be struggling due to his tariffs until the so-called “transition” is complete. Never learning from his past mistakes, Trump brought up the idea of bailing out farmers again.

https://www.msn.com/en-us/news/politics/they-ll-be-struggling-trump-owns-up-to-his-economic-failures-admits-tariffs-will-destroy-farmers-in-oval-office-signing-event/vi-AA1NXc9v

Slingshot News: ‘Give Us Ownership Of The Land’: Trump Hits Rock Bottom In Diplomacy, Threatens South Korea’s Sovereignty During Meeting With Their President

During a recent bilateral meeting with South Korean President Lee Jae Myung, Donald Trump tactlessly entertained the idea of South Korea giving up ownership of land containing U.S. military installations. Currently, South Korea is granting land to the U.S. for military use as part of their U.S.–South Korea Status of Forces Agreement (SOFA).

https://www.msn.com/en-us/news/world/give-us-ownership-of-the-land-trump-hits-rock-bottom-in-diplomacy-threatens-south-korea-s-sovereignty-during-meeting-with-their-president/vi-AA1MzcYE

Daily Beast: ICE Karen Sparks Major Backlash After Saying She Tipped Off Feds in Hyundai Raid

The MAGA candidate has been accused of undermining President Trump’s economic agenda and causing an international incident.

A MAGA congressional candidate is being trolled relentlessly online after announcing that she tipped off Immigration and Customs Enforcement about alleged workplace violations at a Hyundai plant in Georgia that was raided last week.

Tori Branum, 47, a U.S. Marine Corps veteran and firearms instructor, said in social media posts and in interviews that she had reported the battery plant, which is under construction near Savannah, to ICE several months before officials conducted the largest work-site immigration raid in Department of Homeland Security history there.

About 475 people were detained, including 300 South Korean nationals.

The raid angered South Korea, a close ally that agreed in July to invest $350 billion in the U.S. in exchange for Trump lowering the duty on Korean products from 25 percent to 15 percent. The tariffs are paid by American companies, with the costs typically passed on to consumers.

“I have gotten hate mail from all over the country with people telling me to die or that I should be in fear,” Branum wrote on Facebook. “I served this country and I’ll go down with the ship before someone silences me.”

Over the past few days, she’s also been inundated with social media comments accusing her of undermining President Donald Trump’s economic agenda and creating a diplomatic scandal with one of the U.S’.’s closest allies.

The battery plant that was raided will be jointly operated by Hyundai and LG Energy Solution, a South Korean battery manufacturer, as part of a $12.6 billion investment in Georgia that also includes a nearby auto factory.

“So MAGA wanted tariffs to bring manufacturing back to the US. But when a company tries to open a plant here, MAGA undermines it. Once again you proved what an embarrassment your party is to our country,” a user wrote under one of Branum’s Instagram posts.

The Hyundai plant arrests came just 10 days after South Korea’s new president, Lee Jae Myung, met Trump in Washington, D.C., where they both vowed to strengthen business ties between the two countries.

“Imagine backing Trump’s ‘bring jobs back’ tariffs then cheering the ICE raid that nuked Georgia’s $4.3B Hyundai plant—475 workers arrested, 40k jobs gone. That’s not America First, that’s economic suicide. You’re a walking contradiction and a clown,” wrote another under a different post by Branum.

“You have caused a serious geopolitical problem between us and S. Korea with your massively ignorant actions,” another user chimed in.

Residents in the Korean capital of Seoul were outraged by the operation’s optics, as footage of the raid showed armored vehicles and shackled workers. In a statement, Hyundai told the Wall Street Journal it didn’t directly employ anyone who was detained.

The South Korean government has negotiated the release of its nationals and is chartering a plane to repatriate them, Reuters reported Monday.

The local press has attacked Branum and accused her of using the raid to generate momentum for her political campaign in Georgia’s 12th district, The Washington Post reported.

“Her justification of ‘protecting American jobs’ rings hollow when her actions sabotage Georgia’s long-term prosperity,” wrote a South Korean business publication called CEO News.

Many users on social media said they hoped the ICE raid would hurt her campaign instead of helping it.

“You literally helped kill the economy in your own area, but you want to be a leader?” a user responded to a third post.

The Daily Beast has reached out to Branum, ICE, DHS, and Hyundai for comment.

Branum has remained defiant throughout it all, telling Rolling Stone in an interview, “This is what I voted for — to get rid of a lot of illegals. And what I voted for is happening.”

At one point, she posted a photo of herself on Facebook holding a modified, AR-15-style rifle with a laser scope, the Korea JoonAng Daily reported.

“I’m kinda curious what that was [that] you said in my inbox,” Branum wrote.

She later took down the post, but still has a different shot of her brandishing an automatic weapon.

“Patriotism is not short, frenzied outbursts of emotion, but the tranquil and steady dedication of a lifetime,” she captioned the post, attributing the quote to Benjamin Franklin.

In fact, it was Democratic governor and ambassador Adlai Stevenson II who said it.

https://www.thedailybeast.com/candidate-tori-branum-sparks-major-backlash-after-saying-she-tipped-off-feds-in-hyundai-raid


Another article:

https://www.rawstory.com/hyundai-2673975173

Slingshot News: ‘It’s Not Fair’: Trump Justifies His Tariffs On American Farmers With Lies At White House Event

https://www.msn.com/en-us/news/politics/it-s-not-fair-trump-justifies-his-tariffs-on-american-farmers-with-lies-at-white-house-event/vi-AA1M1VVc

Associated Press: What to know about a large-scale immigration raid at a Georgia manufacturing plant

Hundreds of federal agents descended on a sprawling site where Hyundai manufactures electric vehicles in Georgia and detained 475 people, most of them South Korean nationals.

This is the latest in a long line of workplace raids conducted as part of the Trump administration’s mass deportation agenda. But the one on Thursday is especially distinct because of its large size and the fact that it targeted a manufacturing site state officials have long called Georgia’s largest economic development project.

The detainment of South Korean nationals also sets it apart, as they are rarely caught up in immigration enforcement compared to other nationalities.

Video released by U.S. Immigration and Customs Enforcement on Saturday showed a caravan of vehicles driving up to the site and then federal agents directing workers to line up outside. Some detainees were ordered to put their hands up against a bus as they were frisked and then shackled around their hands, ankles and waist. Others had plastic ties around their wrists as they boarded a Georgia inmate-transfer bus.

Here are some things to know about the raid and the people impacted:

The workers detained

South Korea’s Foreign Minister Cho Hyun said Saturday that more than 300 South Koreans were among the 475 people detained.

Some of them worked for the battery plant operated by HL-GA Battery Co., a joint venture by Hyundai and LG Energy Solution that is slated to open next year, while others were employed by contractors and subcontractors at the construction site, according to Steven Schrank, the lead Georgia agent of Homeland Security Investigations.

He said that some of the detained workers had illegally crossed the U.S. border, while others had entered the country legally but had expired visas or had entered on a visa waiver that prohibited them from working.

But an immigration attorney representing two of the detained workers said his clients arrived from South Korea under a visa waiver program that enables them to travel for tourism or business for stays of 90 days or less without obtaining a visa.

Attorney Charles Kuck said one of his clients has been in the U.S. for a couple of weeks, while the other has been in the country for about 45 days, adding that they had been planning to return home soon.

The detainees also included a lawful permanent resident who was kept in custody for having a prior record involving firearm and drug offenses, since committing a crime of “moral turpitude” can put their status in jeopardy, Lindsay Williams, a public affairs officer for U.S. Immigration and Customs Enforcement, said Saturday.

Williams denied reports that U.S. citizens had been detained at the site since “once citizens have identified themselves, we have no authority.”

Hyundai Motor Company said in a statement Friday that none of its employees had been detained as far as it knew and that it is reviewing its practices to make sure suppliers and subcontractors follow U.S. employment laws. LG told The Associated Press that it couldn’t immediately confirm how many of its employees or Hyundai workers had been detained.

The South Korean government expressed “concern and regret” over the operation targeting its citizens and is sending diplomats to the site.

“The business activities of our investors and the rights of our nationals must not be unjustly infringed in the process of U.S. law enforcement,” South Korean Foreign Ministry spokesperson Lee Jaewoong said in a televised statement from Seoul.

Most of the people detained have been taken to an immigration detention center in Folkston, Georgia, near the Florida state line. None of them have been charged with any crimes yet, Schrank said, but the investigation is ongoing.

Family members and friends of the detainees were having a hard time locating them or figuring out how to get in touch with them, James Woo, communications director for the advocacy group Asian Americans Advancing Justice-Atlanta, said Saturday in an email.

Woo added that many of the families were in South Korea because many of the detainees were in the United States only for business purposes.

Raid is the result of a monthslong investigation

The raid was the result of a monthslong investigation into allegations of illegal hiring at the site, Schrank said.

In a search warrant and related affidavits, agents sought everything from employment records for current and former workers and timecards to video and photos of workers.

Court records filed this week indicated that prosecutors do not know who hired what it called “hundreds of illegal aliens.” The identity of the “actual company or contractor hiring the illegal aliens is currently unknown,” the U.S. Attorney’s Office wrote in a Thursday court filing.

The sprawling manufacturing site

The raid targeted a manufacturing site widely considered one of Georgia’s largest and most high profile.

Hyundai Motor Group started manufacturing EVs at the $7.6 billion plant a year ago. Today, the site employs about 1,200 people in a largely rural area about 25 miles (40 kilometers) west of Savannah.

Agents specifically honed in on an adjacent plant that is still under construction at which Hyundai has partnered with LG Energy Solution to produce batteries that power EVs.

The Hyundai site is in Bryan County, which saw its population increase by more than a quarter in the early 2020s and stood at almost 47,000 residents in 2023, the most recent year data is available. The county’s Asian population went from 1.5% in 2018 to 2.2% in 2023, and the growth was primarily among people of Indian descent, according to Census Bureau figures.

Raid was the ‘largest single site enforcement operation’

From farms and construction sites to restaurants and auto repair shops, there have been a wide array of workplace raids undertaken in this administration. But most have been smaller, including a raid the same day as the Georgia one in which federal officers took away dozens of workers from a snack-bar manufacturer in Cato, New York.

Other recent high-profile raids have included one in July targeting a legal marijuana farm northwest of Los Angeles. More than 360 people were arrested in one of the largest raids since Trump took office in January. Another one took place at an Omaha. Nebraska, meat production plant and involved dozens of workers being taken away.

Schrank described the one in Georgia as the “largest single site enforcement operation” in the agency’s two-decade history.

The majority of the people detained are Koreans. During the 12-month period that ended Sept. 30, 2024, only 46 Koreans were deported during out of more than 270,000 removals for all nationalities, according to Immigration and Customs Enforcement.

Community members and advocates have mixed reactions

Kemp and other Georgia Republican officials, who had courted Hyundai and celebrated the EV plant’s opening, issued statements Friday saying all employers in the state were expected to follow the law.

The nonprofit legal advocacy organization Asian Americans Advancing Justice-Atlanta described the raid in a joint statement as “unacceptable.”

“Our communities know the workers targeted at Hyundai are everyday people who are trying to feed their families, build stronger communities, and work toward a better future,” the statement said.

Sammie Rentz opened the Viet Huong Supermarket less than 3 miles (4.8 kilometers) from the Hyundai site six months ago and said he worries business may not bounce back after falling off sharply since the raid.

“I’m concerned. Koreans are very proud people, and I bet they’re not appreciating what just happened. I’m worried about them cutting and running, or starting an exit strategy,” he said.

Ellabell resident Tanya Cox, who lives less than a mile from the Hyundai site, said she had no ill feelings toward Korean nationals or other immigrant workers at the site. But few neighbors were employed there, and she felt like more construction jobs at the battery plant should have gone to local residents.

“I don’t see how it’s brought a lot of jobs to our community or nearby communities,” Cox said.

Something’s fishy here — many had 90-day visa waivers but had been for a much shorter time.

This looks like part of a desperate attempt to meet the ghoulish Stephen Miller’s goal of 3000 deportations monthly.

https://apnews.com/article/immigration-raid-hyundai-plant-4dd1a6b2ad66d27567b2463c5f3c97bb

NBC News: Utah violinist released from ICE detention on bond

Donggin Shin, a 37-year-old violinist who has played with the Utah Symphony, was being held in a Colorado detention center more than 500 miles from his home.

A Utah violinist who has played with high-profile orchestras has been released on bond after being detained by Immigration and Customs Enforcement last month.

Donggin Shin, 37, was apprehended by immigration authorities in a hotel parking lot while he was on a work trip in Colorado and placed in ICE detention on Aug. 18. His father brought him to the U.S. from South Korea when he was a child and he lives in Salt Lake City, according to his attorney, Adam Crayk.

Shin, who goes by the name John, was held at the Denver Contract Detention Facility in Aurora, Colorado — more than 500 miles away from his home — according to an ICE database. He was released on $25,000 bond on Tuesday.

“I never thought I would have to feel what it’s like to be shackled on my ankles and my wrist, feeling like some kind of a serious criminal, as if I have murdered someone,” Shin said at a press conference Friday, according to KSL-TV, an NBC affiliate based in Salt Lake City.

“I was absolutely terrified. Obviously, I cried all day,” he added.

Shin was held for a total of 17 days and is now wearing an ankle monitor, according to Crayk.

Shin was identified by ICE’s Fugitive Operations Team, which is generally focused on apprehending immigrants who have committed serious crimes and are considered national security threats, according to charging documents.

A spokesperson for the Department of Homeland Security did not immediately respond to a request for comment.

In response to previous questions about Shin, a senior Department of Homeland Security official told NBC News: “Our message is clear: criminal illegal aliens are not welcome in the United States.”

The official added that Shin had a DUI conviction. Records show the matter was resolved after Shin pleaded guilty to the misdemeanor offense in 2020 and served his probation.

Crayk, Shin’s attorney, told NBC New in a previous interview that his client’s father was battling brain cancer at the time of his prior arrest.

“My father was losing a battle to a Level 4 glioblastoma brain tumor. He had limited time to live,” Shin said, according to KSL-TV. “I fell into a depression during that time and the impaired driving followed.”

Shin entered the U.S. on a tourist visa on Sept. 3, 1998, which “required him to depart the U.S. by March 3, 1999,” according to DHS. But Crayk previously told NBC News that this timeline is incomplete, as Shin’s father switched to a student visa, which conferred status onto Shin at the time.

Crayk said Shin became a DACA recipient years later, but lost his DACA protections due to his 2020 conviction. He has remained without lawful status for the last four and a half years.

Shin works in telecommunications but has played with the prestigious Utah Symphony and Ballet West in recent years.

Musicians have been playing at the state Capitol each day, determined to raise awareness until Shin returns home.

Shin’s wife, DeNae Shin, thanked the Salt Lake City community for its support over the last few weeks.

“During those really dark times where I was feeling such despair, it was really those letters that kept me going,” she said.

https://www.nbcnews.com/news/us-news/utah-violinist-released-ice-detention-bond-rcna229538

CNN: Massive immigration raid at Hyundai megaplant in Georgia leads to 475 arrests. Most are Korean

Hundreds of federal officers descended on a small southeast Georgia community and raided the Hyundai Metaplant – arresting 475 people in the largest sweep yet in the current Trump administration’s immigration crackdown at US worksites.

Previously, federal officials estimated 450 people were apprehended Thursday at the enormous site in Ellabell, about 25 miles west of Savannah, Georgia.

The majority are Korean nationals, said Steven Schrank, a Homeland Security Investigations special agent in charge. Schrank said he did not have a breakdown of the arrestees’ nationalities.

All 475 people taken into custody were suspected of living and working illegally in the US, Schrank said. Some crossed into the US illegally; some had visa waivers and were prohibited from working; and some had overstayed their visas, he said.

During the raid, several people tried to flee – including some who “ran into a sewage pond located on the premises,” the US Attorney’s Office for the Southern District of Georgia said.

“Agents used a boat to fish them out of the water. One of the individuals swam under the boat and tried to flip it over to no avail. These people were captured and identified as illegal workers.”

Schrank noted that some of the workers may have been contractors or subcontractors.

“We continue to work on the investigation of who exactly worked for what companies,” he said.

A Hyundai spokesperson told CNN he does not believe anyone arrested was a direct employee of Hyundai Motor Company.

“We are aware of the recent incident at the HL-GA Battery Company construction site in Bryan County, Georgia. We are closely monitoring the situation and working to understand the specific circumstances,” spokesperson Michael Stewart said Friday.

“As of today, it is our understanding that none of those detained is directly employed by Hyundai Motor Company. We prioritize the safety and well-being of everyone working at the site and comply with all laws and regulations wherever we operate.”

The sprawling, 2,900-acre Hyundai Metaplant has two parts: a Hyundai electric vehicle manufacturing site, and an EV battery plant that’s a joint venture between Hyundai and LG.

The raid halted construction of the EV battery plant, The Associated Press reported.

LG did not respond to CNN’s questions about how many arrested workers may have been employed by the company, and how many may have been contractors or subcontractors for LG.

But the company sent the following statement to CNN:

“We are closely monitoring the situation and gathering all relevant details. Our top priority is always ensuring the safety and well-being of our employees and partners. We will fully cooperate with the relevant authorities.”

How the Georgia raid happened

“This was not an immigration operation where agents went into the premises, rounded up folks and put them on buses,” Schrank said.

“This has been a multi-month criminal investigation where we have developed evidence, conducted interviews, gathered documents and presented that evidence to the court in order to obtain judicial search warrants.”

At the Georgia site, masked and armed agents gave orders to construction workers wearing hard hats and safety vests as they lined up while officers raided the facility, video footage obtained by CNN showed.

ICE and Homeland Security Investigations were accompanied by the Georgia State Patrol, the FBI, DEA, ATF and other agencies in executing a search warrant.

“Together, we are sending a clear and unequivocal message: those who exploit our workforce, undermine our economy, and violate federal laws will be held accountable,” the Department of Homeland Security said in a statement.

While the raid is part of an ongoing investigation, “No charges have been filed, so that means that no wrongdoing is being accused at this time,” Schrank said.

GOP governor promoted the Metaplant

Republican Gov. Brian Kemp has touted the Hyundai Metaplant as a boon for the Georgia economy.

In 2022, Hyundai announced an agreement with the state of Georgia to build Hyundai’s “first dedicated fully electrified vehicle and battery manufacturing facilities in the United States” in Bryan County, the company said.

The Metaplant was expected to create 8,500 jobs.

“With the first 500 employees trained, and more soon to join them, this is another major milestone as we continue our momentum towards the full opening of the Hyundai Metaplant!” Kemp posted on social media last year.

Kemp’s office issued a statement Friday in response to the raid.

“In Georgia, we will always enforce the law, including all state and federal immigration laws,” a Kemp spokesperson said. “The Department of Public Safety coordinated with ICE to provide all necessary support for this operation, the latest in a long line of cooperation and partnership between state law enforcement and federal immigration enforcement.”

South Korea says it’s concerned

In a televised statement Friday, a spokesperson for Korea’s Foreign Ministry said “many of our nationals were detained” in the raid, according to a translation from Reuters.

“The economic activities of our companies investing in the United States and the interests of our citizens must not be unduly violated during the course of US law enforcement,” spokesperson Lee Jae-woong said.

“In Seoul, we also conveyed our concerns and regret through the US Embassy today, urging special attention to ensure that the legitimate rights and interests of our citizens are not violated.”

CNN has reached out to the South Korean consulate in Atlanta and the embassy in Washington, DC for comment.

Dozens apprehended in New York, too

On the same day as the Georgia raid, dozens of workers at a family-owned plant that makes nutrition bars were also apprehended during an ICE raid, officials said.

Federal agents arrived at the Nutrition Bar Confectioners plant in Cato and questioned “virtually the entire workforce,” according to Rural & Migrant Ministry, whose staff witnessed the raid.

The group posted a video on its Facebook page showing law enforcement leading people into a van marked “Border Patrol.” During the raid, workers were taken into the kitchen area of the plant and “questioned one by one over the course of many hours,” the group said in the post.

The group estimates that “upwards of 70 employees” were questioned and “nearly all” were then arrested and taken to the nearby Oswego Detention Center. A spokesperson for the group told CNN they’re still waiting to hear from authorities about exactly how many were detained.

New York Gov. Kathy Hochul condemned the ICE operation in her state.

“I am outraged by this morning’s ICE raids in Cato and Fulton, where more than 40 adults were seized — including parents of at least a dozen children at risk of returning from school to an empty house,” Hochul said in a statement.

Hochul said such operations “will not make New York safer” and will “shatter hard-working families who are simply trying to build a life here.”

ICE confirmed to CNN affiliate WSTM that it carried out a “court-authorized enforcement action” in Cato. Employees told WSTM that around 60 workers were detained. CNN has reached out to the agency for further details.

Mark Schmidt, the owner of Nutrition Bar Confectioners, told the New York Times that all his workers had legal documentation to work in the US. “We’ve done everything we can to vet people we hire,” he said.

Schmidt described the ICE raid as “overkill.” His son Lenny Schmidt, the company’s vice president, told the Times the scene was “almost theatrical,” describing police dogs and all-terrain vehicles involved in the operation.

“It could have been handled so much more humanely and decently,” he said. “This kind of raid, you feel like it’s a drug bust or a human trafficking situation.”

CNN has reached out to the company for further comment.

The New York and Georgia raids come as Chicago leaders are preparing for a possible National Guard deployment in step with an expected immigration enforcement operation in the city.

https://www.cnn.com/2025/09/05/us/georgia-plant-ice-raid-hundreds-arrested-hnk

New York Times: Seal Team 6 slaughters unarmed crew of N. Korean fisherman diving for shell fish.

Their real mission was a flop.

Trump failed to report the covert mission to Congress as required by law.

https://www.nytimes.com/2025/09/05/us/navy-seal-north-korea-trump-2019.html?unlocked_article_code=1.jk8.hF-Z.CC2MsPBmUyK2&smid=url-share

Bloomberg: Bessent Warns of US ‘Embarrassment’ If Tariffs Ruled Illegal

Trump cabinet officials told a federal appeals court that ruling president’s global tariffs illegal would seriously harm US foreign policy, with Treasury Secretary Scott Bessent warning of “dangerous diplomatic embarrassment.”

The administration on Friday filed statements by Bessent, Commerce Secretary Howard Lutnick and Secretary of State Marco Rubio in the US Court of Appeals for the Federal Circuit in Washington. The court is expected to decide soon whether President Donald Trump exceeded his authority to impose tariffs under a 1977 emergency powers law.

Bessent, Lutnick and Rubio’s statements were filed in support of a request that any ruling against the administration be immediately put on hold until the US Supreme Court issues a final decision. Failing to do so would have “devastating and dire consequences,” Lutnick said.

During July 31 oral arguments before the Federal Circuit, the administration’s claims of broad tariff power were met with skepticism, suggesting the judges might side with separate challenges filed by a group of small businesses and a coalition of Democratic-led states. Friday’s filing seems to suggest the administration is worried about precisely that outcome.

The cabinet secretaries said that a ruling invalidating tariffs would undo months of negotiations with the European Union, Japan, South Korea and other nations. Bessent said the president’s ability to quickly impose tariffs had prevented other nation’s from responding in kind.

“Suspending the effectiveness of the tariffs would expose the United States to the risk of retaliation by other countries based on a perception that the United States lacks the capacity to respond rapidly to retaliation,” the Treasury secretary said.

Trump’s tariffs were ruled illegal in May by the US Court of International Trade, which found that tariff power belongs to Congress and Trump improperly claimed authority under the International Emergency Economic Powers Act. That decision was put on hold by the Federal Circuit for the appeal, allowing the administration to continue threatening tariffs during the negotiations cited by Bessent, Lutnick and Rubio.

Lutnick said tariffs had brought foreign powers to the negotiating table “in ways that no other president came close to achieving” and told the court that an adverse ruling would “send a signal to the world that the United States lacks the resolve to defend its own economic and national security.”

Rubio said Trump used his IEEPA authority in connection with highly sensitive negotiations to end Russia’s war in Ukraine and claimed there could be “severe consequences for ongoing peace negotiations and human rights abuses” if the court ruled against the administration.

Dumb asses deserve to be embarassed. Just one more “correction” for our most incompetent and corrupt government ever!!!

https://archive.is/6g0D5#selection-1615.0-1654.0