JUST IN: Trump Hits Back at Supreme Court With Executive Order Imposing 10% Tariffs on ALL Countries – Slams SCOTUS Justices and Vows to Bring in “Even More Money Than We Were Taking in Before”

President Trump on Friday followed through on his earlier promise to sign an executive order imposing a 10% global tariff on every country importing goods into the United States.

This comes in response to the Supreme Court invalidating his tariffs under the International Emergency Economic Powers Act (IEEPA).

Trump signed the executive order, titled “Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems,” setting up the 10% ad valorem tariffs to take effect on February 24.

“The United States plays a pivotal role in shaping the global economy. At the same time, the United States faces various threats to its own economy and national interests. Sometimes, the United States faces fundamental international payments problems, such as large and serious balance-of-payments deficits, an imminent and significant depreciation of its currency in foreign exchange markets, or an international balance-of-payments disequilibrium,” he writes in the order. “These problems can, among other things, endanger the ability of the United States to finance its spending, erode investor confidence in the economy, and distress the financial markets.”

The following goods are exempt from the tariffs, according to the order:

(a) certain critical minerals;
(b) metals used in currency and bullion;
(c) energy and energy products;
(d) natural resources and fertilizers that cannot be grown, mined, or otherwise produced in the United States or grown, mined, or otherwise produced in sufficient quantities to meet domestic demand;
(e) certain agricultural products, including beef, tomatoes, and oranges;
(f) pharmaceuticals and pharmaceutical ingredients;
(g) certain electronics;
(h) passenger vehicles, certain light trucks, certain medium- and heavy-duty vehicles, buses, and certain parts of passenger vehicles, light trucks, medium- and heavy-duty vehicles, and buses;
(i) certain aerospace products;
(j) information materials, donations, and accompanied baggage;
(k) all articles and parts of articles currently or that later become subject to additional import restrictions imposed pursuant to section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862) (section 232);
(l) articles that are entered free of duty as a good of Canada or Mexico under the terms of general note 11 to the Harmonized Tariff Schedule of the United States (HTSUS), including any treatment set forth in subchapter XXIII of chapter 98 and subchapter XXII of chapter 99 of the HTSUS, as related to the Agreement between the United States of America, United Mexican States, and Canada; and
(m) textile and apparel articles that are entered free of duty as a good of Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, or Nicaragua under the Dominican Republic-Central America Free Trade Agreement.

The new tariffs fall under his authority under Section 122 of the Trade Act of 1974, which allows him to impose tariffs of up to 15% for 150 days with few limitations.

Trump told reporters earlier that the ruling actually confirms his authority to impose tariffs. “I don’t think the court meant that, but it’s the way it is,” he said.

“Effective immediately, all national security tariffs under Section 232 and existing Section 301 tariffs— they’re existing, they’re there— remain in place, fully in place, and in full force and effect. Today, I will sign an order to impose a 10% global tariff under Section 122, over and above our normal tariffs already being charged,” he said.

“And we’re also initiating several Section 301 and other investigations to protect our country from unfair trading practices of other countries and companies.”

“This is something we could have done, as Justice Kavanaugh said, we could have done this originally, but we’re doing it now. And the numbers could be far greater than the hundreds of billions we’ve already taken in,” he continued.

WATCH:

Trump made the announcement on Truth Social on Friday evening.

“It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately. Thank you for your attention to this matter! PRESIDENT DONALD J. TRUMP,” he said. 

The post JUST IN: Trump Hits Back at Supreme Court With Executive Order Imposing 10% Tariffs on ALL Countries – Slams SCOTUS Justices and Vows to Bring in “Even More Money Than We Were Taking in Before” appeared first on The Gateway Pundit.