Says he will sign an order imposing a 10% global tariff under Section 122
Says Supreme Court decision increases presidential authority to regulate trade and impose tariffs
TL;DR
Says he will sign an order imposing a 10% global tariff under Section 122 and initiate Section 301 investigations.
Says Supreme Court decision affirmed a President's ability to block, embargo, restrict, license, or condition foreign trade under IEEPA and left other tariff authorities intact.
Quotes Justice Kavanaugh's dissent citing other statutes (Section 232, Section 301, Tariff Act Section 338) as additional presidential tariff authorities.
Original text
To show you how ridiculous the opinion is, the Court said that I’m not allowed to charge even $1 DOLLAR to any Country under IEEPA, I assume to protect other Countries, not the United States which they should be interested in protecting — But I am allowed to cut off any and all Trade or Business with that same Country, even imposing a Foreign Country destroying embargo, and do anything else I want to do to them — How...