The President of the United States, Donald Trump, stated that he will sign new tariffs this Friday (20), after stating that he is embarrassed by the decision taken by the US Supreme Court on previous tariffs. Trump said a new 10% global tariff will be imposed, in addition to other tariffs.
According to the president, all National Security tariffs present in section 301 remain in force and that, for new impositions, it is not necessary to consult Congress. “We have alternatives and we will use them,” he said. “Through the decision, I can destroy any country, I can do whatever I want, I can impose an embargo, but I can’t charge a dollar,” he said, criticizing the decision.
“I am ashamed that members of the Supreme Court do not have the courage to do what is right for our country,” he said. Regarding possible refunds for companies, Trump stated that the government will be in court for years until this is resolved.
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Trump said his order would be issued under Section 122 of the Trade Act of 1974 and that the tariffs would be in addition to those already in effect.
The statute allows the president to impose tariffs of up to 15% for up to 150 days on any country — or all of them — in relation to balance of payments issues considered “serious and important.” The rule does not require investigations or impose other procedural limits.
The Supreme Court declared illegal his broad global tariffs imposed under the International Emergency Economic Powers Act, ruling that he had exceeded his authority under that law.
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For the president, Democrats are now “dancing in the streets, but they won’t be dancing for long.”
“Tariffs were used to end five of the eight wars I have resolved, including between India and Pakistan,” he said. Trump stated that the tariffs brought security to the country, including reducing the entry of immigrants who “poison our youth”.
Trump’s decision to rely on other statutes, including Section 122, while launching new investigations under Section 301 was widely expected. But the 10% tariffs he announced Friday can only remain in effect for 150 days, and Section 301 investigations often take months to complete.
(com Reuters)
