Former President Donald Trump has expressed outrage over the US Supreme Court's historic decision to annul tariffs imposed on several countries, deeming the ruling as 'shameful.' He indicated that this setback would not halt his economic plans, as he has formulated alternative strategies to advance his agenda. The Supreme Court's ruling, which was decided by a 6-3 majority, upheld a lower court's decision stating that Trump overstepped his authority under the International Emergency Economic Powers Act (IEEPA) of 1977 by imposing such tariffs.

The court clarified that while the law grants the president the power to regulate imports during a national emergency, it does not confer the authority to impose tariffs unilaterally. This legal decision could have profound implications for international trade, affecting not just the nations involved but also the global economy at large. Trump's remarks came during a meeting with governors, indicating the high stakes and significant impact of the court's ruling on his administration’s economic strategies.

The implications of this ruling are extensive, as it may limit the executive branch's power to impose tariffs without congressional approval, a shift that could reshape future trade policies. Trump's statement about having a 'backup plan' suggests he is exploring options beyond the judicial ruling, but the effectiveness and legality of those alternatives remain uncertain as this matter continues to unfold in the political and legal arenas.