Trump vows 10% additional levies after Supreme court upends global tariffs
After the Supreme Court invalidated his global tariffs, President Trump announced a plan to implement an additional 10% tariff on imports into the US.
In a significant turn of events, the Supreme Court ruled against President Trump's global tariff strategy, stating that a 1977 law does not grant the President the authority to impose such tariffs. This ruling dealt a major setback to Trump's economic policies, which have heavily relied on tariffs as a means of protecting American industries. In reaction to the Supreme Court's decision, Trump announced a plan to implement an additional 10% tariff on imports, expressing anger and alleging, without providing evidence, that the justices were swayed by foreign interests.
The Supreme Court's decision was a critical moment for the Trump administration, as it not only questioned the legality of the tariffs but also indicated a significant limitation on presidential power regarding trade policies. The ruling was made by a conservative-majority court, which creates a paradox for Trump, as two of the justices who voted against him were directly appointed by him. This turn of events presents challenges for Trump as he heads into a politically charged environment, particularly with the upcoming 2020 elections.
The implications of this ruling and Trump's subsequent tariff announcement could have extensive repercussions on international trade relationships. The additional tariffs could exacerbate existing tensions with major trading partners and might lead to retaliatory actions that impact American consumers and businesses. Overall, this situation reflects the contentious nature of Trump's trade policies and the ongoing challenges he faces within the judicial system and the broader political landscape.