President Trump warns of economic disaster similar to Great Depression if Supreme Court rejects tariffs under IEEPA. Hiring slows, unemployment rises, inflation accelerates, consumer sentiment falls to record low since baseline tariff in April. Supreme Court to decide soon, potential impact on stock market if tariffs are rejected. Trump administration argues tariffs not taxes, good for labor, and national security. Economic data shows hiring slowest in decade, highest unemployment in four years, manufacturing sector contracting, consumer sentiment lowest in history. Stock market could decline if tariffs ruled illegal, but long-term focus advised.

Read more at Nasdaq: Will the Stock Market Crash if Trump’s Tariffs Are Rejected by the Supreme Court? The President Says It Would Be a Disaster.