President Trump announces new tariffs and criticizes Supreme Court ruling

President Donald Trump criticized the Supreme Court for striking down his global tariffs, calling them a “disgrace” and vowing to maintain the levies through the Trade Expansion Act of 1962. The ruling prevented Trump from using the International Emergency Economic Powers Act to impose tariffs without Congress’s consent. Despite the setback, Trump plans to impose a 10 percent global tariff using the Trade Expansion Act and continue investigations into unfair trade practices. The ruling is expected to significantly impact Trump’s economic agenda and reduce tariff revenue, leading to uncertainty for US consumers and businesses. Trump may pivot to other economic penalties like sanctions or military action to push his agenda.

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