Feb 20 • 19:18 UTC 🇩🇰 Denmark Politiken

Trump is deeply disappointed by the decision but is already ready with a new tariff

Donald Trump expresses disappointment over the Supreme Court ruling against his punitive tariffs but announces plans for a new global tariff.

After the U.S. Supreme Court ruled that Donald Trump's punitive tariffs are illegal, the president voiced his disappointment during a press conference. He mentioned that there are alternative measures to pursue in response to this ruling. Trump plans to sign an order implementing a new global tariff of an additional ten percent, which he claims will function as a substitute for the emergency measures previously invalidated by the court.

The punitive tariffs were initially imposed under the International Emergency Economic Powers Act (IEEPA), a law intended for national emergencies. However, the Supreme Court determined that this legislation does not grant the president the authority to impose heightened tariffs. In light of this ruling, Trump indicated his intention to utilize a different statute which allows him to impose tariffs of up to fifteen percent for periods of 150 days in response to significant balance of payments problems.

The implications of Trump's announcement are significant, as it signals his ongoing efforts to manipulate trade policies despite legal setbacks. By exploring alternative legislative avenues to impose tariffs, he may be attempting to strengthen his economic agenda ahead of potential political challenges. The new guidelines are positioned as a proactive response to financial issues, suggesting that the administration is prepared to enforce tougher trade measures regardless of judicial limitations.

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