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US President Trump says tariff ruling is deeply disappointing, he is ashamed of certain members of the court; Foreign countries will be happy and dancing, but not for long

Importance
Level 1

Trade

  • There are methods that are even strong that are available to him. 
  • Tariffs have been used to end wars.
  • Other methods will be used for tariffs.
  • Fentanyl tariffs remain.
  • Trump says he is allowed to cut off all trade with a country, is also allowed to impose an embargo. Can do anything he wants, but he can't charge any money. 
  • Is not happy with the outcome, he has alternatives that have been approved because of this decision.
  • Will go in a stronger direction now. Could have done this originally, but chose to go the other way. 
  • Says he could charge much more than what he was charging.  
  • Statutes include, trade expansion act, for example, mentions sections 122, 232, 201 and 301 as other ways he can impose tariffs.
  • Also mentions section 338, but says this is a longer process.
  • Income coming from tariffs will increase. 
  • Stresses the supreme court did not over rule tariffs, just the use of IEEPA.
  • Other statutes can be used, other authorities can be used. 
  • Effectively immediately, all national security tariffs under 232 and 301 remain in place. 
  • 10% global tariff to be imposed on other tariffs. 

Supreme Court

  • Proud of the justices that voted in favour with Trump.
  • There is no way anyone can argue with those who dissented.
  • Thinks court has been swayed by foreign interests.
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