President Donald Trump has said that if the U.S. is not allowed to implement tariffs, it "doesn't have, even a small chance, of economic survival."

President Donald Trump forecasted the death of the U.S. economy if America were prevented from deploying counter tariffs against other countries. A court battle is underway regarding Trump’s “Liberation Day” tariffs after the U.

Discount retailer Dollar Tree said the impact of tariffs will result in lower than expected profit for the second quarter, which ends Aug. 3.

(Reuters) -Discount store operator Dollar Tree forecast its second-quarter adjusted profit to be down as much as 50% from a year ago, accounting for cost pressures due to tariffs and the pending Family Dollar sale.