
"President Donald Trump's trade war isn't over, despite the Supreme Court striking down his global tariffs, but the legal setback adds to the growing wall of resistance. The last two months represent a stunning reversal from the first year of his second term when lawmakers, CEOs, foreign governments, and the high court itself deferred to the president-even as he sought to tear down the existing world order."
"In a press briefing on Friday, he said they were a "disgrace to our nation," adding that they're "fools and lapdogs for the RINOs and the radical left Democrats." He combined his insults with bravado over his ability to enact a fresh set of tariffs under separate laws, and he quickly followed through by imposing a 10% global duty that he hiked to 15% just a day later."
The Supreme Court invalidated the global tariffs imposed under the International Emergency Economic Powers Act, removing a major legal foundation for those levies. The president publicly attacked the justices and then used alternate statutory authority to reimpose a global tariff, raising it from 10% to 15% within a day. Senior national security figures and some lawmakers view the ruling as eroding presidential invincibility, and Congress earlier mounted bipartisan pushback by moving to revoke import taxes on Canada. Observers predict further legislative affirmation of the court decision, which would constrain efforts to cement tariff authority.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]