Trump: Supreme Court ruling is deeply disappointing

*TRUMP’S GLOBAL TARIFFS STRUCK DOWN BY US SUPREME COURT Supreme Court of the United States: Learning Resources, Inc. v. Trump, President of the United States The question presented is whether the International Emergency Economic Powers Act (IEEPA) authorizes the President to impose tariffs. See 91 Stat. 1626. Shortly after taking office, President Trump sought to address two foreign threats: the influx of illegal drugs from Canada, Mexico, and China, Presidential Proclamation No. 10886, 90 Fed. Reg. 8327; Exec. Order No. 14193, 90 Fed. Reg. 9113; Exec. Order No. 14194, 90 Fed. Reg. 9117; Exec. Order No. 14195, 90 Fed. Reg. 9121, and “large and persistent” trade deficits, Exec. Order No. 14257, 90 Fed. Reg. 15041. The President determined that the drug influx had “created a public health crisis,” 90 Fed. Reg. 9113, and that the trade deficits had “led to the hollowing out” of the American manufacturing base and “undermined critical supply chains,” id., at 15041. The President declared a national emergency as to both threats, deeming them “unusual and extraordinary,” and invoked his authority under IEEPA to respond. He imposed tariffs to deal with each threat. As to the drug trafficking tariffs, the Pre *SUPREME COURT RULES 6-3 AGAINST TRUMP ON TARIFFS Supreme Court does not address eligibility for tariff refunds.

TRUMP: 10% GLOBAL TARIFF TO BE IMPOSED ON TOP OF OTHER TARIFFS TRUMP: EFFECTIVE NOW, ALL NATIONAL SECURITY TARIFFS UNDER SECTION 301 REMAIN IN PLACE Trump: There is no need to ask Congress for additional action. Trump threatens 15% to 30% auto tariffs. TRUMP, ASKED IF U.S. HAS TO REFUND TARIFF REVENUE, SAYS I GUESS IT HAS TO BE LITIGATED

TRUMP: I CAN CHARGE MUCH MORE THAN WHAT I WAS CHARGING. ... TRUMP: SECTION 232, SECTIONS 122, 201, AND 301 ALL OPTIONS. SECTION 338 TOO, BUT THIS TAKES A LONGER PROCESS. ... TRUMP: SUPREME COURT MADE MY ABILITY TO IMPOSE TARIFFS MORE POWERFUL TRUMP: INCOME COMING IN FROM TARIFFS WILL INCREASE