Donald Trump rages as Supreme Court of the United States halts tariffs, adds 10% levy.
Feb 20 (Reuters) – U.S. President Donald Trump responded with fury to Friday’s Supreme Court ruling that he lacked
- Summary
- Trump says he is ashamed of certain members of US Supreme Court
- But he obeys court, signing an executive order repealing the tariffs that were struck down
- President then issued a proclamation imposing a new 10% tariff on imports from all countries
- Investors lament new dose of uncertainty
Feb 20 (Reuters) – U.S. President Donald Trump responded with fury to Friday’s Supreme Court ruling that he lacked the power to unilaterally set tariffs on imports, denouncing individual justices as he vowed to continue a global trade war that has kept the world on edge for a year.
Saying he was undeterred by what he repeatedly called a ridiculous ruling, Trump announced an immediate new 10% tariff on imports from all countries, on top of any existing tariffs, and then issued a proclamation putting them into effect. The law allows him to impose a levy of up to 15% for 150 days, although it could face legal challenges.
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