After the defeat of the Supreme Court decision which decided by a majority of 6 to 3 to invalidate the duties because they "could not be decided by presidential decrees" (therefore only the sectoral ones on steel, aluminium and automobiles remain in force), the harsh response from President Donald Trump arrived as was predictable, who He expressed his disappointment and accused the judges of being "influenced by foreign interests"“The Supreme Court ruling disappointed me greatly,” the tycoon said. “I am ashamed of some judges who didn’t have the courage to do the right thing for America.”
Trump also said that "the tariffs remain" and that he has "alternatives." "The countries that defraud us are ecstatic. They're dancing in the streets, but not for long," Trump then added, emphasizing that the "good news is that there are stronger methods and statutes than the International Emergency Economic Powers Act." And then the harsh announcement, launching a counterattack: "Today itself – said Donald Trump – I will sign an order to impose global tariffs of 10% on top of existing tariffs“The US president explained that the new measure is based on Section 122 of the Trade Act of 1974, which allows the introduction of global tariffs of up to 15% but for a period of only 150 days. Which is what he did yesterday.
Trump added that the tariffs imposed under Section 232 and Section 301 of the same law remain in effect. In the meantime, this last session of the week, After the Supreme Court ruling, global financial markets actually cheered, moderately also in the United States but above all in Europe, with Piazza Affari and Paris in the spotlight thanks to banks and luxury.
