President Trump on Friday told reporters that he will impose new “global” tariffs on foreign imports of 10% following the Supreme Court’s ruling against his authority to impose the tariffs under the International Emergency Economic Powers Act (IEEPA).

In a stunning decision, SCOTUS invalidated tariffs under IEEPA on Friday, but Trump told reporters 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.

“I can do anything I want with IEEPA, anything! I just can’t charge anybody for it. I can license. I just can’t charge them. It’s ridiculous, but it’s okay, because we have other ways, numerous other ways,” Trump said.

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

Section122 of the Trade Act of 1974allows the President to impose tariffs of 15% for 150 days with few limitations.

Trump later said that the amount of tariff revenue resulting from his new tariffs “could be far greater than the hundreds of billions we’ve already taken in.”

Trump further slammed the “major sleaze bags” behind the lawsuit to stop IEEPA tariffs and the Supreme Court, saying the court “doesn’t show great spirit toward our country in my opinion.”

Trump:There will no longer be any doubt, and the income coming in and the protection of our companies and country will actually increase because of this decision. I don’t think the court meant that, but it’s the way it is. Based on long standing law and hundreds of victories. And even, as I was pointed out before, even 1000s of victories over the years, to the contrary, the Supreme Court did not overrule tariffs. They merely overruled a particular use of IEEPA tariffs, and essentially it’s the use to use to get a fee. I can do anything I want with IEEPA, anything! I just can’t charge anybody for it. I can license. I just can’t charge them. It’s ridiculous, but it’s okay, because we have other ways, numerous other ways. The ability to block, embargo, restrict, license, or impose any other condition on a foreign country’s ability to conduct trade with the United States under IEEPA has been fully confirmed by this decision.

So, now there’s no doubt, because, you know, there were a lot of questions about tariffs because no president was smart enough to use them to protect our country from those countries and businesses that were ripping us off. You took a look at the deficits that we had with some of these countries. It was disgraceful what they got away with for many, many decades. But now we know, because this decision affirms all those things that some people weren’t sure about. In order to protect— and it says so— in order to protect our country, a president can actually charge more tariffs than I was charging in the past period of a year under the various tariff authorities. So, we can use other of the statutes, other of the tariff authorities, which have also been confirmed and are fully allowed.

Therefore, 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. And we’re also initiating several section 301, and other investigations to protect our country from unfair trading practices of other countries and companies. Thank you for your attention to this matter. And I say, quite simply, which I’ve said for a long time, Make America Great Again. And interestingly, we’ve already made it great, so I don’t have to use that, but I don’t think we’ll ever give up on MAGA. MAGA’s always going to be with us.

Source: The Gateway Pundit