Supreme Court rejects Trump’s tariffs. And he announces global tariffs of 10%

“While I am certain it was not their intention, today’s Supreme Court decision has made stronger and clearer, rather than weakened, the President’s ability to regulate trade and impose tariffs,” and “has given me the indisputable right to destroy foreign countries,” he said Trump announcing new 10% global tariff.

According to the American president Supreme Court justices “did not have the courage to do what is right for the country”. “I would like to thank and congratulate Justices Thomas, Alito and Kavanaugh for their strength, wisdom and love for our country. I am very proud of these justices,” he added, citing the names of the three members of the Court who voted dissenting.

“Foreign Influences”

“It is my opinion that the Court has been influenced by foreign interests and a much smaller political movement than people think. It’s a small movement,” he said the American president who defined the Court’s decision as “crazy”.: “The foreign countries that have defrauded us for years are over the moon, they are very happy. They are dancing in the streets, but I assure you they won’t be dancing for long.”

Foreign influences “have a lot of influence on the Supreme Court, whether it’s through fear or respect or friendships, I don’t know,” Trump argued at the press conference. “I think foreign interests are represented by people who, in my opinion, exercise undue influence,” he said. “But I know some of the people involved on the other side and I don’t like them.”

“We have alternatives”, and announces global tariffs of 10%

“We will use other alternatives to replace the ones that the Court rejected. We have alternatives,” the American president said, adding that the administration’s other options could allow it to raise even “more money”.

“We have alternatives, excellent alternatives – Trump reiterated – We will collect more money and we will come out much stronger. We are raising hundreds of billions of dollars, and we will continue to do so, to demonstrate how ridiculous this opinion is”.

So announced the signing of executive orders to restore the tariffs rejected by the Supreme Court by invoking various authorities. Specifically, it will use a set of trade powers, known as Section 122, to impose a global 10% tariff on all products.

“Effectively, all national security-related tariffs under Section 232 and all existing Section 301 tariffs remain in full force and enforceable,” he said at a press conference. Today I will sign an order to impose a 10% global tariff under Section 122, in addition to the normal duties already in force.”

The president added that most trade deals negotiated under the threat of his tariffs remain valid, despite the Supreme Court having declared the tariffs illegitimate. In particular, he cited the example of India, with which the agreement “is confirmed”. “All the agreements remain, we will just do them in a different way,” he explained.

Trump also said that tariffs have ended “five of the eight wars” he claims to have solved. “Whether you like it or not, including India-Pakistan,” he claimed, also highlighting that “these tariffs, together with our strict border controls, have reduced the entry of fentanyl into our country by 30%. I have used them as a punitive measure against countries that illegally send this poison to poison our young people. And all these tariffs remain in place.”

The refund issue

Asked whether he intends to repay the money generated by the tariffs, the president replied: “We’re going to end up spending the next five years in court.” The White House chief said he was frustrated that the Supreme Court did not address the issue in its decision. “It takes months and months to draft an opinion and they don’t even discuss that part,” Trump complained.

It is estimated that the United States may have to repay more than $175 billion. This is what a study by Penn Wharton University claims. The Supreme Court decision “does not order immediate refunds” but the conclusion that the duties were collected illegally “opens the door to refund claims.” Generally, importers have 180 days from “liquidation” of goods to appeal and request a refund from U.S. Customs and Border Protection.