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The Supreme Court struck down President Donald Trumps far-reaching global tariffs in a 6-3 decision on Friday, handing him a stinging loss on an issue crucial to his economic agenda. Furious about the defeat, Trump said he will impose a global 10% tariff as an alternative while pressing his trade policies by other means. The new tariffs would come under a law that restricts them to 150 days. He made that announcement after lashing out at the Supreme Court for striking down much of his sweeping tariff infrastructure as an illegal use of emergency power. Trump said he was absolutely ashamed of justices who voted to strike down his tariffs and called the ruling deeply disappointing. Their decision is incorrect, he said. But it doesnt matter because we have very powerful alternatives. The Latest: Reaction from Europe focuses on renewed upheaval, confusion The initial reaction from Europe focused on renewed upheaval and confusion regarding costs facing businesses exporting to the US. The European Commission had reached a deal with the Trump administration capping tariffs on European imports at 15%. The deal gave businesses certainty that helped them plan, a factor credited with helping the 21 countries that use the euro currency skirt a recession last year. Uncertainty remains high for German enterprises doing business in the US, said the German Chamber of Commerce and Industry. Because there are other instruments for trade limitations in the hands of the US administration that German companies must prepare themselves for. Trump could resort to laws permitting more targeted tariffs that could hit pharmaceuticals, chemicals and auto parts, said Carsten Brzeski, global head of macro at ING bank: Europe should not be mistaken, this ruling will not bring relief. … The legal authority may be different, but the economic impact could be identical or worse. Brazil celebrates US Supreme Courts decision Brazil will continue trade negotiations with the United States regardless. The South American nations leading negotiator on the topic, Vice President and Industry Minister Geraldo Alckmin, told journalists in Brasilia on Friday that the ruling strengthens the trade negotiations between his country and the U.S., but added the two will carry on with their dialogue on the tariffs. The 10% (tariffs imposed later) are for all. We dont lose competitiveness if it is 10% for all. What was happening was Brazil getting a 40% tariff that no one else had, the Brazilian said. Alckmin added Brazils President Luiz Inácio Lula da Silva and Trump are expected to further discuss trade during a meeting sometime in March. Michigan business owner says prices will have to be raised Linda Schlesinger-Wagner, owner of Birmingham, Michigan-based skinnytees, didnt get overly excited after initially hearing about the Supreme Courts ruling. Hell find some way to get around this, Schlesinger-Wagner said. Schlesinger-Wagner estimates that the tariffs, so far, have cost her womens apparel business about a $1 million. She says 100% of her garments come from China. I dont know what Im going to do, she said Friday afternoon. I never raised my prices. Now, with another 10% Im going to be forced to. The tariffs have affected every business I know because everybody gets something from somewhere, Schlesinger-Wagner added. Were supposed to be global unity. Hes just alienating everyone from us. Argentinas VP says the Supreme Court decision is a blow to production policies In Argentina, a key South American ally of the Trump administration, Vice President Victoria Villarruel characterized the U.S. Supreme Courts decision as a blow to production policies and business establishment. While serving as acting President during Javier Mileis trip to the inaugural Board of Peace meeting in Washington, Villarruel argued on X that the total and unrestricted opening of imports only favors dependence on China. She warned that such policies would deepen economic and social emergencies. The Vice President framed the conflict as a choice between Nationalism or Globalism. Steelmakers groups say key tariff is unaffected by court ruling Steelmaking industry groups say the Supreme Courts decision on Friday didnt affect tariffs on steel imports put in place under national security provisions. The tariffs on foreign steel were enforced under a law that grants the president broad authority to address threats to U.S. national security, Kevin Dempsey, president and CEO of the American Iron and Steel Institute, said in a statement. The Steel Manufacturers Associations president, Philip Bell, said the Supreme Court decision doesnt undo the steel tariff that is revitalizing the American steel industry, strengthened our national security, and fueled the creation of high-quality American jobs. Mexicos economy secretary on tariffs: I dont know how it will end Mexican Economy Secretary Marcelo Ebrard, speaking at a public event in parallel with Trumps comments, was cautious about the effects of the Supreme Courts decision. I dont know how it will end, he said, adding: In the case of Mexico, only some of the tariff measures have to do with that legal provision, others do not. However, he said that Mexicos government still plans to move forward this year depending on the strength of trade between the two countries, and recalled that just a year ago, Mexico was facing a 25% tariff on all its exports, and today, as you can see, most of my exports do not have those burdens. It remains unclear what Trumps announcement of 10% generalized tariffs will mean for Mexicos economy, but its among the countries that could be hit the hardest as the U.S. and Mexican economies are inextricably intertwined from decades of free trade. Ebrard and other officials have been locked in negotiations with the Trump administration for months in an effort to offset wider tariffs. Bessent says he was a little surprised by the decision I was a little surprised because I was in the Supreme Court hearing, Bessent said when asked about his reaction to the SCOTUS decision at the Economic Club of Dallas, Friday. I think what we saw was just a very narrowing of the definition of the presidents ability to use IEPPA powers. He added, the look forward no one should expect that tariff revenue will go down. The total amount of revenue that Treasury will collect this year will be little changed Bessent says alternative tariff plan will lead to virtually unchanged tariff revenue in 2026 Treasury Secretary Scott Bessent says the Supreme Court did not rule against President Trumps tariffs, rather Six Justices simply ruled that IEEPA authorities cannot be used to raise even one dollar of revenue. In a prepared speech to the Economic Club of Dallas delivered Friday afternoon, Bessent says the Trump administration will invoke alternative legal authorities to replace the IEEPA tariffs. Treasurys estimates show that the use of Section 122 authority, combined with potentially enhanced Section 232 and Section 301 tariffs will result in virtually unchanged tariff revenue in 2026, he says. Trump wraps up news briefing after more than 40 minutes The president wrapped on a positive note, saying that with the ruling, great certainty has been brought back to the economy of the United States and actually the economy of the world. He repeated one of his favorite lines, saying that the U.S. is the hottest country in the world, and added: Were going to keep it that way. Trump couldnt care less if justices who opposed his tariffs attend State of the Union address Trump said the justices who voted in the majority against his tariffs are still barely invited to Tuesdays State of the Union address. But he added that honestly I couldnt care less if they come, OK? The president gives the State of the Union before a joint session of Congress. But the chief executive doesnt issue invitations to the speech, aside from his own special guests. The House speaker actually invites the president to give the address in the first place, and while there is always reserved seating for members of the court, Chief Justice John Roberts has previously said its up to individual justices if they want to attend. Trump: Gorsuch, Barretts families should be embarrassed The president is clearly fuming at two of the justices he nominated in his first term who sided against his tariff policy. I think its an embarrassment to their families, if you want to know the truth. The two of them, Trump said of Gorsuch and Barrett. He said, their decision was terrible. Still, he declined to say whether he regretted nominating them. Trump says his reading prowess is above reproach I read very well. Great comprehension, Trump said. The president said that, when it came to the tariffs case, I read everything there is to read. And I said, Cant lose this case. But the Supreme Court did in fact rule against Trumps sweeping tariff policy an outcome Trump suggested was only possible because judges want to be political, they want to be politically correct. Italian winemakers remain skeptical despite Supreme Court ruling Italian winemakers greeted the decision with skepticism, warning that the ruling may ultimately deepen uncertainty rather than deliver immediate relief to transatlantic trade. The U.S. is Italys largest wine market, with sales having tripled in value over the past 20 years. In 2024, shipments to the U.S. reached a value of 1.93 billion, accounting for 24% of Italys total global wine exports, according to Unione italiana vini, or UIV, which represents more than 800 winemakers. New tariffs on the EU, which the Trump administration initially threatened would be 200%, had sent fear throughout the industry, which remained even after the U.S. reduced, delayed and negotiated down. Paradoxically, the wine industry cannot welcome the Courts decision as a clear victory, said Lamberto Frescobaldi, president of the UIV trade association. There is a more than likely risk that tariffs will be reimposed through alternative legal channels, compounded by the uncertainty this ruling may generate in commercial relations between Europe and the United States. Trump is offering mixed messages about the importance of the tariffs the court struck down For months, the president has warned that if these tariffs were struck down, it would be a disaster for the country and it would literally destroy the United States of America. But as he faced questions about the ruling, Trump repeatedly projected a sunny future for the U.S. and dismissed the idea that the country would face ruin. He said the ruling gave certainty and said I think youre going to see the country get much stronger because of it. Trump also said the alternative paths he will pursue to try to impose tariffs, while a much more drawn out process, will get us more money. And I think its going to be great. Trump dismisses Congress role in tariffs Despite the rebuke from the Supreme Court, the president is scoffing at the need to get Congress involved in enacting tariff policy. I dont have to, Trump said when asked why wouldnt he just work with lawmakers on tariffs. I have the right to do tariffs, and Ive always had the right to do tariffs. The majority ruled that Congress has the power to write tax policy, which includes tariffs. Senate Majority Leader John Thune calls on White House to work with Congress on tariff policies Tariffs can be an important and effective tool to address unfair trade practices and help level the playing field with foreign competitors, the Senate Republican leader wrote on social media. The South Dakota Republican added: Senate Republicans will continue working with the administration and our colleagues in the House to advance our shared goal to strengthen rural America, including South Dakotas farm and ranch communities, and the broader U.S. economy. Trump to impose new tariff, but its temporary On the heels of his Supreme Court defeat, the president says hell sign an executive order that would impose a 10% global tariff under federal law known as Section 122. The catch is that those tariffs would be limited to just 150 days, unless they are extended legislatively. The president also said he is exploring other tariffs through other avenues, such as Section 232, which would require an investigation through the Commerce Department. Trump says he has great alternatives to tariffs the high court opposed Trump says other alternatives will now be used to replace his sweeping tariffs that the Supreme Court rejected. We have alternatives. Great alternatives, Trump aid. He said the ruling opened the door to allow him to go in probably a direction that I should have gone in the first time. Trump also suggested the ruling may not substantially constrain tariffs going forward and mentioned using the Trade Expansion Act and other past laws, including the Tariff Act of 1930 going forward. He said those alternatives would simple mean a little bit longer process. Trump also scoffed at his ability to order full economic embargoes against countries, but not raise tariffs. How ridiculous is that? he asked. Trump calls GOP-appointed justices who supported tariff ruling fools and lapdogs By name Trump thanked Justices Clarence Thomas, Samuel Alito and Brett Kavanaugh for their strength and wisdom and love of our country in dissenting from the majority to uphold his tariff policies. And of the more liberal justices who opposed him, Trump said you cant knock their loyalty, even though he disagrees with their views. But of more conservatives justices who voted to knock down his tariffs Chief Justice John Roberts and Justices Amy Coney Barrett and Neil Gorsuch Trump said, theyre just being fools and lapdogs for the RINOs and radical left Democrats. Without naming them, Trump referred to the jurists by their action as very unpatriotic and disloyal to our Constitution. Trump says he will rely on other laws to continue his tariffs The president cited other sections of federal law that give him clearer power to impose tariffs, though those methods involve a more complex and bureaucratic process to impose the taxes on imports instead of the way Trump was quickly firing them off. Their decision is incorrect. But it doesnt matter because we have very powerful alternatives, Trump said. He called it, a little bit longer process, and said his first attempt to impose tariffs was to try to make things simple. But they didnt let us do that. Which of Trumps tariffs are being struck down by the Supreme Court? Fridays decision upends a core set of tariffs that Trump imposed using the 1977 International Emergency Economic Powers Act, or IEEPA. That includes the Liberation Day tariffs the president slapped on nearly every country in the world last spring as well as other IEEPA-based levies he imposed on Canada, Mexico and China. Trump also cited IEEPA to impose additional tariffs on Brazil over the trial of former President Jair Bolsonaro, and on India over its purchases of Russian oil. Despite Fridays ruling, other sweeping levies remain in place. Trump used another law Section 232 of the 1962 Trade Expansion Act to slap sectoral tariffs on steel and aluminum, cars, copper, lumber and products like kitchen cabinets worldwide. And the president has plenty of other options to keep taxing imports aggressively. Republican senators praise Supreme Court decision against Trumps tariff policies, call for Congress to reassert role As a matter of policy, the empty merits of sweeping trade wars with Americas friends were evident long before todays decision, Sen. Mitch McConnell, R-Ky., said in a statement. But as a matter of Constitutional authority, there is now no room for doubt: the use of IEEPA to circumvent Congress in the imposition of tariffs already without precedent is also illegal. If the executive would like to enact trade policies that impact American producers and consumers, its path forward is crystal clear: convince their representatives under Article 1, said the former Republican Senate leader. Other senators also chimed in approvingly after the courts decision. Todays Supreme Court ruling reaffirms that only Congress has the constitutional authority to impose tariffs, and the President can only do so under a clear and limited delegation of authority from Congress, Republican Sen. Susan Collins of Maine wrote on social media. Republican Sen. John Curtis of Utah declared that the Founders system of checks and balances remains strong nearly 250 years later. But Curtis noted that the tariff saga may not be over. Several questions remain unanswered, including what happens to the revenue already collected and how the administration may use alternative authorities to impose tariffs, said Curtis. National trade advocacy group applauds the ruling and urges the administration to refund tariff revenues The National Foreign Trade Council applauded the court ruling and urged the Trump administration to refund tariff revenue and change its approach. Its a relief to see the Supreme Court unequivocally decide that IEEPA did not provide the authority for the administration to impose more than $133 billion in tariffs on American businesses and consumers, said Jake Colvin, president of the council. We hope the administration will seize this opportunity to recalibrate its approach rather than rushing to replicate some or all of the tariffs through other means. The council urged the administration to identify a low-burden and automated administrative process to return tariff revenue to U.S. importers quickly and efficiently. Trump calls ruling deeply disappointing Trump told a news conference hes absolutely ashamed of justices who voted to strike down his tariffs, calling the decision deeply disappointing. Its the first major piece of Trumps broad agenda to come squarely before the nations highest court, which he helped shape with the appointments of three conservative jurists in his first term. Trump called the majority decision a disgrace when he was notified during his morning meeting with several governors, according to someone with direct knowledge of the presidents reaction who spoke on the condition of anonymity to discuss the private conversation. Trump was meeting privately with nearly two dozen governors from both parties when the decision was released. The White House did not immediately respond to a request for comment. Speaker Johnson says Congress and Trump to find path forward on tariffs in coming weeks House Speaker Mike Johnson backed Trumps use of tariffs in a post on social media after the Supreme Court ruling, sayingthey had brought in billions of dollars and created immense leverage for Americas trade strategy. In the Supreme Court ruling, the majority found that its unconstitutional for the president to unilaterally set and change tariffs because taxation power clearly belongs to Congress. Congress and the Administration will determine the best path forward in the coming weeks, Johnson wrote on X. Some GOP welcome the decision, but may back Trump on future tariffs A GOP Congressman who voted for to impeach Trump says the Supreme Court decision rightly takes back power from the executive branch on tariffs. Washington Republican Rep. Dan Newhouse said in a statement that the ruling restores balance between the legislative and executive branches, adding that hes committed to working with Trump on targeted tariffs to secure trade deals that put American farmers, businesses, and consumers first. Washington state is home to the headquarters of Costco, one of the companies most critical of the tariffs. Newhouse is one of the two GOP representatives to vote to impeach President Trump during his first term and be reelected. Earlier this year, he welcomed the Trump administrations move to effectively lower wages for immigrant farmworkers. Newhouse announced that he is not seeking reelection. Associated Press
Category:
E-Commerce
The Class of 2020 still arent over the COVID-19 pandemic cancelling their graduation. Apparently they never stop bringing it up, according to TikTok. Now their complaints are being used as a punchline. Being robbed? Did you know that I didnt get a graduation. Slip on ice? I didnt have a prom, I didnt have a homecoming. Oh, your grandma just died? Okay, well if you think thats bad, I literally didnt graduate. While the trend has been around since Gen Z didor didntgraduate in 2020, with some reminiscing on those unprecedented times and others crashing their siblings graduations in place of their own, it has recently picked up traction again. @cobreezzy That lockdown had us all acting crazy lol my dad came up with this idea #classof2020 #graduation #family original sound – Conor OBrien In the past few weeks, it has merged with another trend in which TikTokkers explain how certain people would react to a glass being half full or half empty. Instead of just the classic optimist or pessimist, the trend includes the points of view of random people, characters, or the Class of 2020. @briemcp Disclaimer: I was a victim of 2020 so let me clown #glasshalffull #glasshalfempty #fyp #fyp #pessimist Classic classical gymnopedie solo piano(1034554) – Lyrebirds music It wasnt even like a graduation, it was like a drive thru and you just grabbed your diploma, one creator laments. @iamjoeyleon Ball knowledge required #fyp #funny #basketball original sound – Joey The humor is mostly self-referential, reflecting Gen Zs coping mechanism of choice: Me using every opportunity to remind my friends that I was Class of 2020, another jokes. @zayaperysian And Ill never get over it actually #classof2020 @Spencer Hunt original sound – – And its hard to deny the Class of 2020 were dealt a bad hand. Their senior year did, after all, coincide with a global health crisis. Five years ago, what started as a week off school spiraled into an unprecedented global emergency, the ripple effects of which are still being felt. While the COVID-19 pandemic impacted Americans of all ages, the Class of 2020 was uniquely positioned to experience the shockwaves across their social lives, finances, and careers as they transitioned into adulthood. In the throes of the pandemic, unemployment among people under age 24 jumped from 8.4% to 24.4%. Researchers have found that beginning a career during a recession can depress earnings for 10 years and leave lasting impacts for decades. Its no surprise, then, that the identities of the Class of 2020 are tied to this once-in-a-lifetime crisis. If they want to complain about it, the least we can do is let them.
Category:
E-Commerce
Its been a big week for aliens in Washington. In a podcast that aired last weekend, former President Obama revealed that he believes in extraterrestrial life. Days later, President Trump declared that he would order Defense Secretary Pete Hegseth and other agency leads to start declassifying government files pertaining to alien life and UAPs, short for unidentified aerial phenomena the mysterious sightings we once called UFOs. In a Truth Social post on Thursday, Trump announced his plans, citing intense interest on a subject once lumped in with the paranormal. Interest in all things alien has surged in the last five years as the U.S. government began to release formerly classified documents, hold hearings, and generally acknowledge a topic once seen as too far out. I will be directing the Secretary of War, and other relevant Departments and Agencies, to begin the process of identifying and releasing Government files related to alien and extraterrestrial life, unidentified aerial phenomena (UAP), and unidentified flying objects (UFOs), and any and all other information connected to these highly complex, but extremely interesting and important, matters, Trump wrote. Obama wants to believe Obama set off the current firestorm of excitement around alien life when he casually confirmed his beliefs in an interview with podcast host Brian Tyler Cohen. “They’re real but I haven’t seen them,” Obama said. “They’re not being kept in Area 51. There’s no underground facility unless there’s this enormous conspiracy and they hid it from the president of the United States. The comments generated so much buzz that he published an Instagram post the following day clarifying his thoughts: Statistically, the universe is so vast that the odds are good theres life out there, Obama wrote, adding that solar systems are so far apart that the odds are low weve been visited by aliens and as president he never witnessed anything to convince him otherwise. Trump promised to release the fresh documents after accusing Obama of divulging classified information in the interview when he veered into alien territory. I don’t know if they’re real or not, Trump told Fox News. I can tell you, he gave classified information. He’s not supposed to be doing that he made a big mistake. Obamas comments werent his first time weighing in on matters extraterrestrial. In 2021, the former president told James Corden that UAPs are as real as anything else that the U.S. military observes. What is true, and Im actually being serious here, is that there is footage and records of objects in the skies that we dont know exactly what they are, Obama said. A former president speaking candidly on the subject might be surprising, but Obama famously counts Liu Cixins elaborate thought experiment on an alien invasion of Earth, The Three-Body Problem, among his favorite books. Extraterrestrial talk gains legitimacy After decades of being shunned as a topic best left to the tinfoil hat set, the government has lent mysterious flying objects and alien life major heft in recent years. In 2020, the Department of Defense published three clips of unexplained aerial phenomena observed by Navy pilots that had previously leaked to the public. The worlds most powerful military admitting that it couldnt explain the strange behavior of some objects in the sky through intel or scientific means was a surreal, historic moment met with excitement from UAP enthusiasts. That same year, the DoD formed a dedicated task force to investigate UAP sightings. The mission of the task force is to detect, analyze and catalog UAPs that could potentially pose a threat to U.S. national security, the agency wrote in its announcement. Other explanations, like malfunctioning equipment and stray weather balloons, pose no threat and remain very much in the mix. The governments disclosures didnt stop there. In 2021, the Office of the Director of National Intelligence published a preliminary assessment on the topic to give Congress an overview of how the intelligence agency handles reports of mysterious flying objects, which are sometimes spotted by servicemembers. We currently lack data to indicate any UAP are part of a foreign collection program or indicative of a major technological advancement by a potential adversary, the agency wrote in the report, ruling out one possible avenue of explanation. A year later, Congress held its first hearing on UFOs in more than 50 years. While testimony from Pentagon officials flatly rejected claims that the U.S. has knowingly been visited by alien spacecraft a stance echoed by a more recent report the government confirmed that it doesnt always have an explanation for some of the things pilots spot in the skies. The truth remains out there, somewhere.
Category:
E-Commerce
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