"Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ripping the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level."
"Trump unveiled the original 10% tariff plan Friday shortly after the justices outlawed most of the global tariffs the president announced last April. The court held in a 6-3 decision that the president had overstepped his executive branch powers in implementing the tariffs without congressional buy-in. The White House had cited the International Emergency Economic Powers Act (IEEPA), which gives the president power to regulate trade in response to an emergency."
President Trump initially announced a 10% tariff on goods from every country effective almost immediately. He then posted that he would raise the 10% worldwide tariff to 15% after reviewing the Supreme Court decision on tariffs. The administration said it will determine and issue legally permissible tariffs over the next months. The Supreme Court in a 6-3 decision ruled that the president overstepped executive powers by implementing tariffs without congressional authorization. The White House had invoked the International Emergency Economic Powers Act (IEEPA), while challengers argued IEEPA does not mention tariffs.
Read at www.mediaite.com
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