\n<\/p>\n
United States President Donald Trump has slammed the Supreme Court as a \u201cdisgrace\u201d after a 6-3 ruling that struck down his global tariffs, asserting that he will maintain the levies through alternative means.<\/p>\n
During a Friday news conference, the president attacked the high court for being allegedly \u201cswayed by foreign interests\u201d.<\/p>\n list of 3 items<\/span>end of list<\/span><\/section>\n He then proceeded to attack the justices, denouncing the liberal members as a \u201cdisgrace to our nation\u201d and the conservatives who sided with them as \u201cunpatriotic and disloyal\u201d to the Constitution.<\/p>\n But Trump proceeded to say he was unbowed by the decision, arguing that another law, the Trade Expansion Act of 1962, gave him the legal basis to continue his global tariffs.<\/p>\n \u201c\u200aI have the right to do tariffs, and I\u2019ve always had the right to do tariffs,\u201d he said, brushing aside the ruling.<\/p>\n Friday\u2019s decision struck down Trump\u2019s ability to use the International Emergency Economic Powers Act (IEEPA) to impose tariffs, an import tax never mentioned in the law, without the consent of Congress.<\/p>\n Three left-wing justices and three conservatives made up the majority in the ruling. They emphasised that Congress alone holds the power to levy tariffs in peacetime.<\/p>\n But instead of using IEEPA, Trump said on Friday that he would turn to the Trade Expansion Act to impose a 10 percent global tariff for 150 days, replacing some of the tariffs that were struck down by the court.<\/p>\n He added that investigations into unfair trade practices would allow him to expand his tariff campaign as well.<\/p>\n \u201cWe\u2019re going straight ahead with 10 percent, straight across the board, which was the absolute right to do,\u201d Trump said.<\/p>\n \u201cThat\u2019s a lot of money coming into our country. And then during that period of about five months, we are doing the various investigations necessary to put fair tariffs \u2014 or tariffs, period \u2014 on other countries.\u201d<\/p>\n The duties would be over and above some of the tariffs that are currently in place, specifically the sectoral tariffs on steel, aluminium, auto parts and other products. The new 10 percent tariff is expected to go into effect in about three days.<\/p>\n Friday\u2019s decision was a major blow to Trump\u2019s economic agenda as the tariffs were expected to rake in nearly $3.6 trillion in revenue from 2026 to 2035, as per estimates by Oxford Economics.<\/p>\n Friday\u2019s ruling sharply lowers the effective tariff rate immediately to 8.3 percent from 12.7 percent, according to Bernard Yaros, lead US economist at Oxford Economics.<\/p>\n But the US president has argued that his powers under the Trade Expansion Act could result in even higher tariff revenue in the long run.<\/p>\n \u201cIn order to protect our country, a president can actually charge more tariffs than I was charging in the past period of a year under the various tariffs authorities,\u201d Trump said.<\/p>\n \u201cSo we can use other of the statutes [sic], other of the tariff authorities, which have also been confirmed and are fully allowed.\u201d<\/p>\n That will be easier said than done, experts warned.<\/p>\n \u201cOverall, it\u2019s still a block to the Trump administration as it is harder to announce and implement tariffs quickly,\u201d Rachel Ziemba, a senior fellow at the Center for a New American Security, told Al Jazeera.<\/p>\n \u201cThe administration, as expected, is trying to patch together, via existing tools, a set of measures that will maintain tariff revenue and some leverage. But it is a time of uncertainty.\u201d<\/p>\n In a note to Al Jazeera, Kimberly Clausing, a researcher at the Peterson Institute of International Economics, agreed that, with Friday\u2019s ruling, \u201cthe strength of the president\u2019s tariff cudgel is diminished\u201d.<\/p>\n \u201cGovernments abroad and businesses at home can both expect, somewhat, less mercurial US tariff processes,\u201d she said.<\/p>\n But the uncertainty that US consumers and businesses have faced over the past year is far from over, given Trump\u2019s plan to pivot to other means to levy tariffs.<\/p>\n \u201cThis means that Trump\u2019s tariffs will continue to burden the US economy, even if alternative instruments are not as agile or broad as the IEEPA tariffs,\u201d Clausing said.<\/p>\n Over the last year, Trump has used tariffs not only to raise revenue for the US and increase domestic manufacturing but also as a catchall to pressure countries into compliance with US foreign policy.<\/p>\n For instance, he slapped India with a punitive 25 percent tariff for buying oil from Russia, a longtime US adversary.<\/p>\n With the IEEPA no longer available as a cudgel, it\u2019s possible that Trump will lean more heavily on other economic penalties like sanctions \u2014 and even military action \u2014 to push his agenda.<\/p>\n \u201cHe was already using military force, including to enforce sanctions in Venezuela and Iran,\u201d Ziemba pointed out.<\/p>\n \u201cThe bigger issue is if he tries to continue to pressure friend and foe alike and to change US friends. It\u2019s too soon to tell on this, but his escalate to de-escalate strategy has its costs.\u201d<\/p>\n<\/div>\n United States President Donald Trump has slammed the Supreme Court as a \u201cdisgrace\u201d after a 6-3 ruling that struck down his global tariffs, asserting that he will maintain the levies through alternative means. During a Friday news conference, the president attacked the high court for being allegedly \u201cswayed by foreign interests\u201d. Recommended Stories list of […]<\/p>\n","protected":false},"author":1,"featured_media":12960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-canada-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/12959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12959"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/12959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/12960"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Recommended Stories <\/h2>\n
Switching laws<\/h2>\n
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