‘I have the absolute right to charge tariffs in another form’: Trump slams Supreme Court ruling

1773640302 us president donald trump


‘I have the absolute right to charge tariffs in another form’: Trump slams Supreme Court ruling

US President Donald Trump on Monday criticised the US Supreme Court’s decision to invalidate his global tariffs, warning that the ruling could cost the United States trillions of dollars. He said that the verdict will benefit foreign countries and companies that have been “ripping off the United States of America” for decades.” Commenting on his tarrif approach, Trump said that he has the right to impose tariff in another form and is preparing to do so.In a series of posts on social media platform Truth Social, Trump said that tariffs were the most important issue at stake in the case and accused the court of undermining his efforts to protect the US economy. “The decision that mattered most to me was TARIFFS!” Trump wrote. “The Court knew where I stood, how badly I wanted this Victory for our Country, and instead decided to, potentially, give away Trillions of Dollars to Countries and Companies who have been taking advantage of the United States for decades.”He added, “Our Supreme Court has made these Countries very happy but, as the Court pointed out, I have the absolute right to charge TARIFFS in another form, and have already started to do so.”He also warned that the hundreds of billions of dollars some US adversaries want repaid should be seen as a symbol of what he described as years of national decline. “But, not anymore,” Trump wrote, adding that the country had “MADE AMERICA GREAT AGAIN” and would soon be “GREATER THAN EVER BEFORE.”Trump also thanked three justices: Samuel Alito, Clarence Thomas, and Brett Kavanaugh, for “for their Wisdom and Courage pertaining to the TARIFF case, and for understanding, in addition to the Law, that our “Unfriendly Competitors” should not be reimbursed and rewarded for the decades of Damage they have caused THE UNITED STATES OF AMERICA.”The US president also used the post to criticise the broader functioning of the court. He claimed that while Democratic-appointed justices tend to vote together, “But Republicans do not do this. They openly disrespect the Presidents who nominate them to the highest position in the Land, a Justice of the United States Supreme Court, and go out of their way, with bad and wrongful rulings and intentions, to prove how “honest,” “independent,” and “legitimate” they are.“In a seperate post, Trump went on to criticise Federal Reserve chair Jerome Powell, accusing him of mismanaging a renovation project at the Federal Reserve complex in Washington, DC. Trump described the project as “a money pit, and embarrassment to our Country for the whole World to see,” alleging that the costs had spiralled billions of dollars over budget.He further targeted US district judge James Boasberg, accusing him of political bias and calling for him to be removed from cases involving Trump or his allies. According to Trump, Boasberg has shown “open, flagrant, and extreme partisan bias and contempt against Republicans and the Trump Administration.”He argued that the judge’s actions in matters related to Powell and other cases were driven more by politics than law. Trump said the recent tariff decision from the Supreme Court itself was an example of how the court system has become highly politicised, calling the ruling “a GIFT to Countries and Companies who have been ‘ripping off the United States of America’ for decades.”The comments come as the Trump administration ramps up efforts to recover roughly $1.6 trillion in tariff revenue after the Supreme Court struck down several of the president’s import duties, according to a report by the Associated Press.Officials are now exploring alternative legal pathways and launching new investigations in an attempt to impose replacement tariffs. The lost revenue had been expected to help offset the multi-trillion-dollar cost of planned tax cuts.Experts say recovering that amount could prove difficult, as the alternative routes for imposing tariffs involve more complex procedures and allow US companies greater scope to seek exemptions. Meanwhile, US Trade Representative Jamieson Greer said the administration will open investigations into 16 economies, including the European Union, to determine whether government subsidies are encouraging excessive factory capacity that harms US manufacturing. The probe will also examine China, South Korea and Japan.A second investigation will review whether dozens of countries have failed to ban goods produced with forced labour, which Washington views as an unfair trade practice. The review will cover the EU and China, as well as Mexico, Canada, Australia and Brazil.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *