Trump calls Supreme Court ruling against his tariffs 'deeply disappointing'
Donald Trump called the Supreme Court's ruling invalidating much of his emergency tariffs a 'terrible decision' and claimed the court was politically influenced, marking one of the biggest judicial setbacks of his second term.
TL;DR
- Donald Trump called the Supreme Court's ruling against his emergency tariffs a "terrible decision" and "deeply disappointing."
- He believes the court was politically influenced by foreign interests and a small political movement.
- The ruling stated the government exceeded its emergency powers in imposing many of the tariffs under the International Economic Emergency Powers Act (IEEPA).
- The decision could lead to the refund of approximately $240 billion collected through the "reciprocal levies."
- The ruling impacts various measures, including a 10% global tariff on imports, reciprocal tariffs on trade partners, and additional tariffs on Mexico and Canada.
- The suspension of the 'de minimis' tariff exemption for low-value shipments and increased tariffs on Brazil and India are also affected.
- Trump thanked dissenting justices Samuel Alito, Clarence Thomas, and Brett Kavanaugh.
- He asserted that he has "very powerful alternatives" to IEEPA for imposing tariffs.