Trump tariff highlights: Trump calls SC tariff ruling ‘deeply disappointing’, 'ashamed of certain members of the court'

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Trump tariff live updates: In a massive setback to US President, the US Supreme Court on Friday rejected Donald Trump's global tariffs that he had imposed on several countries last year under a law meant for use in national emergencies.

The justices, in a 6-3 ruling authored by conservative Chief Justice John Roberts, upheld a lower court's decision that the Republican president's use of this 1977 law exceeded his authority, Reuters reported.

Trump tariff live updates: Trump said he would impose a global 10% tariff as an alternative while advancing his trade agenda through other measures. The new tariffs would be enacted under a law limiting them to 150 days.

Trump tariff live updates: "Today, the Supreme Court decided that Congress, despite giving the president the ability to 'regulate imports,' didn't actually mean it," Vance said on X.

"This is lawlessness from the Court, plain and simple. And its only effect will be to make it harder for the president to protect American industries," he added.

Trump tariff live updates: Donald Trump said the trade deal with India remains unchanged, describing it as an arrangement where India pays tariffs while the United States does not.

Trump tariff live updates: US President Donald Trump said on Friday that he would sign an order imposing a 10% global tariff under Section 122 of the Trade Act of 1974, adding that his administration would also initiate several other investigations.

Trump tariff live updates: US President Donald Trump accused the Supreme Court of the United States of being swayed by ‘foreign interests’ after it struck down his sweeping global tariffs.

Trump tariff live updates: “The Supreme Court’s ruling on tariffs is deeply disappointing, and I’m ashamed of certain members of the court, absolutely ashamed for not having the courage to do what’s right for our country,” Trump said.

Trump tariff live updates: Trump was handed a note while speaking, and announced the tariff decision to the room, according to a governor who was present. He called the decision a "disgrace" and left, the governor said, CBS reported.

Trump tariff live updates: In a first reaction to the US Supreme Court's quashing of Trump's tariff, India's opposition party Congress praised the ruling and said “Hats off”.

Trump tariff live updates: The SCOTUS verdict effectively dissolves the legal foundation for the original emergency tariffs. It upends his tariffs in two categories: the country-by-country "reciprocal" tariffs, which ranged from a 10% baseline for most of the world, and a 25% tariff imposed on some goods from Canada, China and Mexico related to fentanyl.

Trump tariff live updates: While Trump has officially not reacted on the court's quashing of his tariff move, CNN and BBC have reported that the US President was ‘enraged’ over the ruling as he snubbed it as a disgrace. CNN also reported that Trump lashed out at the court saying “these f****g courts”. Trump is at a working breakfast with state governors at the White House.

Trump tariff live updates: TV news channel CNN reported that Trump was informed about the SCOTUS ruling on tariffs while he was at working breakfast at the White House alongside state governors. To this he had a strong reaction and said, “These f'ing courts”.

Trump tariff live updates: India was one of the several countries that were slapped with staggering tariffs last year. But will it change after the fresh US Supreme Court ruling? The court's decision does not affect all of Trump's tariffs. Read here to know more

Trump tariff live updates: “That refund process could be easy, but it appears more likely that more litigation and paperwork will be required,” Scott Lincicome, at Cato’s Herbert A. Stiefel Center for Trade Policy Studies qas quoted as saying by AP, adding that the Supreme Court’s decision “is welcome news for American importers” and the US economy. However, Lincicome, added that the federal government must refund the tens of billions of dollars in customs duties” that it collected pursuant to its perceived International Emergency Economic Powers Act power authority that the court says it does not have.

Trump tariff live updates: Hoping for a quick refund, We Pay the Tariffs, a coalition of more than 800 small businesses that has been advocating against the tariffs, said a process for refunding the tariffs is imperative. “A legal victory is meaningless without actual relief for the businesses that paid these tariffs,” executive director Dan Anthony said in a statement. “The administration’s only responsible course of action now is to establish a fast, efficient, and automatic refund process that returns tariff money to the businesses that paid it." the coalition was quoted as saying by AP.

Trump tariff live updates: Liberal justices Ketanji Brown Jackson, Elena Kagan and Sonia Sotomayor joined conservative justices Amy Coney Barrett, Neil Gorsuch and John Roberts in voting to strike down the tariffs. Justices Samuel Alito, Clarence Thomas and Brett Kavanaugh dissented.

Trump tariff live updates: The US Supreme Courts striking of Trump's tariffs potentially signals a reset for India's exports to the US and complicates the India-US trade deal. While the interim India-US trade deal reduced US tariffs on India to 18% from 50% through most of last year, the SCOTUS verdict effectively dissolves the legal foundation for the original emergency tariffs. Read here for more

Trump tariff live updates: Terming the tariffs as lawful, Justice Brett Kavanaugh in the dissent wrote, “The tariffs at issue here may or may not be wise policy. But as a matter of text, history, and precedent, they are clearly lawful.”

via AP

Trump tariff live updates: While there has been no reaction from US President Donald Trump or the White House on US Supreme Court's ruling on Trump's tariff's the BBC reported that Trump is at a working breakfast at the White House alongside state governors.

Trump tariff live updates: The Supreme Court ruling on Trump tariffs is a setback for Trump as he had pegged the imposition of tariffs on several countries, including India, as a boost for American manufacturing. The majority found that the Constitution “very clearly” gives Congress the power to impose taxes, which include tariffs. “The Framers did not vest any part of the taxing power in the Executive Branch,” Chief Justice John Roberts wrote.

Trump tariff live updates: The International Emergency Economic Powers Act (IEEPA) gives a US President an authority to “regulate a variety of economic transactions following a declaration of national emergency.” IEEPA, like the Trading with the Enemy Act (TWEA) from which it branched, sits at the center of the modern U.S. sanctions regime, according to the US Congress website.

Trump tariff live updates: Striking down the global tariffs imposed by the Trump administration last year, the US Supreme Court on Friday upheld a lower court's decision that the Trump's use of 1977 law exceeded his authority.

Trump tariff live updates: The Dow Jones, Nasdaq, and S&P 500 quickly rose on Friday after the Supreme Court ruled that President Donald Trump's ‘Liberation Day’ tariffs are illegal. The top court said that the president lacked the authority to impose tariffs.

Trump tariff live updates: US Supreme Court on Friday struck down US President Donald Trump's sweeping global tariffs.