Trump announces global extra 10 per cent tariff after US Supreme Court ruling
During a press conference at the White House on Friday, US president Donald Trump announced that he will sign orders to impose a general 10 per cent global tariff on top of existing import duties. Trump's announcement comes after the US Supreme Court rejected the tariffs announced by the president at the start of his second term.
Trump is imposing a “10 per cent global tariff on top of other tariffs” on “the whole world”. He does not accept the US Supreme Court's ruling that a large part of his import tariffs are unlawful because he needed the “clear authorisation of Congress. Furious, Trump said that there are “alternative ways” to impose import duties on other countries in order to “raise even more money”.
He invokes Section 122 of the Trade Act of 1974, which has never been used before. That section allows the president to impose a base rate of up to 15 per cent on all countries, but that tariff can only be applied for a maximum of 150 days. Only a vote in Congress can extend that tariff beyond the 150-day period.
He also cited the Trade Expansion Act and the Tariff Act “to hit countries and companies that take advantage of us even harder, although that will probably take a little longer”.
Trump also said that he is ashamed “of some members of the Supreme Court”, several of whom he appointed himself. He says that the highest judges in the United States mainly work for other countries, which “are so happy now, but won't be dancing for long”.
Press conference US president Donald Trump © PHOTO Mandel NGAN / AFP
Related news
