Trump’s reciprocal tariffs could be struck down as soon as this month—and the administration is warning of economic apocalypse

(Credit: Andrew Harnik—Getty Images)

• President Donald Trump and his Justice Department have issued doomsday warnings recently on what would happen if a federal appeals court rules against the administration in a legal challenge to his so-called reciprocal tariffs. James Lucier at Capital Alpha Partners said the court could issue a ruling later this month or next month.

The Trump administration sees complete disaster for the U.S. economy if its reciprocal tariffs are struck down, revealing its level of concern as a court is expected to issue a critical decision soon.