US President Donald Trump has announced a 10% tariff on global imports reaching the United States following the Supreme Court’s decision.
Trump says he is “extremely disappointed” with the Supreme Court’s decision to invalidate the global tariff. He said that “some members of the court do not have the courage to stand up for the truth in the interest of the country.”
It should be noted that the US Supreme Court had invalidated the global tariff imposed by President Donald Trump last year.
The US Supreme Court has said in its decision that President Trump exceeded his authority when imposing the global tariff. The Supreme Court ruled that Trump imposed these tariffs under a law that is reserved only for national emergencies. The Supreme Court invalidated the global tariff imposed by Trump by a ratio of 6-3.
Trump praised the judges who dissented.
The US president accused the Supreme Court of being “influenced by foreign interests.” However, he did not provide any evidence to support this claim.
It should be noted that two judges nominated during Trump’s first term also ruled against global tariffs.
Trump said that after the court’s decision, the US would try to collect tariffs through other means.
Commenting on the decision, he said that the court “prevented me from collecting a single dollar from any country… (meaning) I can destroy trade, I can destroy the country. But I can’t collect fees from them.”
Trump said that the court did not declare the imposition of tariffs invalid, but gave a ruling on the use of the International Emergency Economic Powers Act, meaning that the Supreme Court prevented him from imposing tariffs through this act.
The US president said he would still continue with plans to impose global tariffs “to protect the country.”
Trump said he was going to sign a presidential order that would impose a 10 percent tariff globally.
Asked whether the revenue generated by the tariffs would be returned, Trump said, “That’s not been discussed. This case will go through the courts for many years.”
“We’ll probably be in court for the next five years,” he said.
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