President Donald Trump said on Wednesday that the US may be forced to ‘Undo’ trade agreements who have been concluded with the European Union, Japan and South Korea, among other things, if they lose the case to the Supreme Court, and warned that such “defeat” would cause ‘Very big blow’ in the US.

Speaking to reporters at the White House, Trump said his government would ask the Supreme Court to undo the US Court of Appeal’s ruling, which ruled it. Many of his duties were illegal. He said, however, that he believes his government would prevail in the case.

“We made an agreement with the European Union with which we will earn almost a trillion dollars. And do you know something? They are happy. It’s over. All these agreements have been completed »he said. “I guess we may need to undo them.”

These were Trump’s first comments on trade agreements reached with the major US trade partners – which he negotiated separately, except for duties – that could be annulled if the Supreme Court accepted Friday’s ruling.

Trump said the removal of duties would be ‘Costs’ for the US, although commerce experts note that “Duties are paid by importers in the country and not by companies in countries of origin”. Economists have warned that duties are likely to contribute to inflation in the United States.

“Our country has the opportunity to become incredibly rich again. It could also be incredibly poor again. If we do not win this case, our country will suffer so much ”, said Trump.

The decision of the Court of Appeal of the Federal Regional Court in Washington relates to the legality of Trump’s duties, which were imposed under his trade war in April, as well as a separate set of duties imposed in February against China, Canada and Canada. The court’s ruling does not concern duties issued under another legal power, such as Trump’s duties on steel and aluminum imports, Reuters said.

The case is expected to be examined in the US Supreme Court.

‘Greater confusion’

Legal and commercial experts said that the US president’s statements regarding the cost of abolishing duties were intended to convince the Supreme Court that their annulment would cause great financial chaos.

THE Ryanformerly a US senior trading official, who is now a partner of the King & Spalding law firm, said it was clear from the beginning that trade agreements with the EU and other trade partners were frameworks subject to changes and not complete trade agreements. “Today’s president’s announcement that the agreements could be undone reflects an attempt to maximize US leverage.”he said.

However, it is difficult to predict exactly what the court will decide, given the decisions in previous cases and the unprecedented nature of that issue.

The senator Ron Widenthe leading Democrat in the Senate Finance Committee, noted that Trump’s statements “They were more confused.”