Feb 28 • 02:49 UTC 🇰🇷 Korea Hankyoreh (KR)

Trump: Countries and companies that exploited America are only reaping windfalls

President Donald Trump expressed dissatisfaction with the U.S. Supreme Court's ruling on reciprocal tariffs and mentioned the possibility of rehearing the case.

On October 27, President Donald Trump took to social media platform Truth Social to voice his discontent regarding a recent ruling by the U.S. Supreme Court which deemed reciprocal tariffs unlawful. He argued that the Supreme Court’s decision could allow countries and corporations that have exploited the United States over the years to recover billions of dollars, which he believes poses a significant threat to American interests. Trump emphasized that the ruling inadvertently encourages such exploitative behavior, suggesting that foreign entities might feel entitled to unjust 'windfalls.'

Trump's comments highlight the complexities surrounding tariff laws and the implications of judicial decisions on international trade. He raised concerns about potential financial repercussions for the U.S. government, noting that estimates for tariff refund requests range between $133.5 billion and $1.75 trillion, figures that could have serious ramifications for the federal budget. The decision, made with a 6-3 majority, underscores the divisions within the Supreme Court and raises questions about the legal framework governing tariffs under the International Emergency Economic Powers Act (IEEPA).

Additionally, Trump inquired about the possibility of a rehearing or reassessment of the ruling, citing a procedural framework under Rule 44 of the Supreme Court. Although the potential for a rehearing exists, analysts suggest that the likelihood of it succeeding is low, particularly given that it requires a majority agreement from the justices who initially supported the ruling. This ongoing debate surrounding tariffs and economic policy continues to resonate with both supporters and critics of Trump's approach to trade negotiations.

📡 Similar Coverage