Donald Trump addresses the nation following a Supreme Court decision regarding presidential trade authorities and the International Emergency Economic Powers Act (IEEPA). He asserts that the ruling, while perhaps unintentional by the court, has made the president’s power to regulate trade and impose tariffs ‘more crystal clear rather than less.’ Trump announced, ‘Today, I will sign an order to impose a 10% global tariff under Section 122,’ which will be applied in addition to existing duties. He confirmed that all national security tariffs under Section 232 and existing Section 301 tariffs remain in full effect. During the address, he criticized the litigants of the recent lawsuit as ‘sleazebags’ and ‘foreign country centric,’ while reiterating his commitment to the ‘MAGA’ movement. Trump emphasized that these measures are essential to protect the country from unfair trading practices and to reduce national deficits with foreign entities.
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