United States President Trump plans to sign a 10% new tariff, angrily denouncing the Supreme Court's ruling to overturn the "reciprocal tariff" decision.
Trump stated on Friday local time that he will sign a new executive order imposing a uniform 10% tariff on global imported goods, attempting to continue his tough trade policy through other legal pathways.
After the Supreme Court in the United States overturned his large-scale "reciprocal tariffs" plan a few hours later, Trump said on Friday local time that he would sign a new executive order to impose a uniform 10% tariff on global imports. He is trying to continue his tough trade stance through other legal paths.
Trump openly expressed disappointment at the Supreme Court's ruling at a press conference at the White House, saying the new tariff will be implemented under Section 122 of the 1974 Trade Act, in addition to the existing tariffs. He was emotional at the press conference, publicly criticizing the court's ruling and accusing some justices of lacking the courage to do what is right for America.
The Supreme Court ruled 6-3 that day, finding that the International Emergency Economic Powers Act (IEEPA) did not authorize the president to unilaterally impose tariffs, thereby rejecting the reciprocal tariffs introduced by the Trump administration and some tariffs related to drug smuggling based on that law. This ruling shook an important legal foundation of Trump's trade policy.
Trump emphasized at the press conference that he will bypass Congress to continue pushing tariff policies. "I don't need (Congress), I have the power to impose tariffs." His words fluctuated between firmness and anger, even criticizing by name the two justices Gorsuch and Barrett he nominated, accusing them of supporting the majority opinion as "a terrible decision."
According to Trump, the proposed 10% "global tariff" will be implemented under Section 122 of the 1974 Trade Act. According to this law, the president can only impose tariffs on imported goods for up to 150 days without approval from Congress. To continue or extend the validity, congressional authorization is required. When asked about this time limit and congressional support issue, Trump responded, "We have the right to do almost anything we want."
At the same time, Trump emphasized that tariffs implemented under Section 232 and Section 301 will continue to be effective. He also said that the government is using Section 301 to investigate multiple potential unfair trade practices and may introduce further tariff measures in the future.
It is worth noting that last year, most of the US tariff revenue came from tariffs imposed under the IEEPA. In response to this, Trump stated that the government will use "alternative solutions" to make up for the tariff revenue rejected by the court, and insisted that the US "will receive more income and become stronger as a result."
Shortly after Trump's statement, Treasury Secretary Bennett spoke at the Dallas Economic Club, stating that the government will utilize several existing trade laws to replace the rejected IEEPA tariffs. He expects that this move will have "little effect on tariff revenue by 2026," and emphasized that "no one should expect tariff revenue to decline."
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