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President Donald Trump on Saturday criticised the recent decision by the Supreme Court on tariffs, alleging that it could result in "ripping off" the US of billions of dollars. He also hinted at seeking a rehearing of the case.
The US President made the remarks in a post on Truth Social and said, "The recent Decision of the United States Supreme Court concerning TARIFFS could allow for Hundreds of Billions of Dollars to be returned to Countries and Companies that have been "ripping off" the United States of America for many years, and now, according to this Decision, could actually continue to do so, at an even increased level. I am sure that the Supreme Court did not have this in mind! It doesn't make sense that Countries and Companies that took advantage of us for decades, receiving Billions and Billions of Dollars that they should not have been allowed to receive, would now be entitled to an undeserved "windfall," the likes of which the World has never seen before, as a result of this highly disappointing, to say the least, ruling. Is a Rehearing or Readjudication of this case possible???" His statement comes after last week, the US Supreme Court ruled against most of Trump's sweeping tariff measures. Trump later signed an order making 10 per cent global tariff on all countries, effective "almost immediately". The Court ruled 6-3 that the administration exceeded its authority by using the International Emergency Economic Powers Act (IEEPA) of 1977 to impose broad-based import tariffs, affirming that the power to levy taxes resides primarily with Congress. Following the ruling, Trump announced a new 10 per cent global tariff on all countries under Section 122 of the Trade Act of 1974, describing it as a temporary import surcharge (up to 15%) allowed for 150 days to address balance-of-payments deficits. He later raised it further to the "fully allowed, and legally tested, 15% level," effective immediately. In a Truth Social post, Trump stated that this adjustment responds to the Supreme Court's "ridiculous, poorly written, and extraordinarily anti-American decision," while his administration would determine new, legally permissible tariffs in the coming months to continue "Making America Great Again." (ANI)
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