US President Donald Trump: We're going to tariff even harder

Source Fxstreet

Following the US Supreme Court's decision to declare US President Donald Trump's "national security" tariffs unlawful, President Trump gave a press conference to deliver his reaction to the Supreme Court's decision.

President Trump's press conference from the White House on Friday could most-graciously be described as "comprehensive". President Trump vowed that his administration would be imposing even further tariffs using alternative legal frameworks, specifically citing national security conventions under Section 301 of the Trade Act of 1974. Many of Trump's current tariff policies already exist under Section 301, but the largest bulk of trading fee collections have been under the International Emergency Economic Powers Act (IEEPA), which were widely imposed following the Trump administration's "Liberation Day" announcement in early 2025.

With the SC gutting Trump's ability to impose arbitrary tariffs under IEEPA, the Trump team is likely to pivot further into Section 301 tariffs, with Trump suggesting during his press conference that they may begin imposing an additional round of tariffs, effective almost immediately.

When asked by media following the President's address, Donald Trump strongly inferred that tariff fees collected under the IEEPA program, which has now been declared unlawful by the SC, will not be returned willingly by the White House. US companies and consumers who were forced to pay the import fees will have to bring lawsuits forward against the Trump administration to recoup their foreign trade costs directly.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Top 3 Price Prediction: BTC, ETH and XRP remain range-bound as breakdown risks riseBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market.
Author  FXStreet
12 hours ago
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market.
placeholder
WTI Price Forecast: Sits above mid-$66.00, over six-month top amid rising US-Iran tensionsWest Texas Intermediate (WTI) US Crude Oil prices reverse a modest Asian session dip to sub-$66.00 levels and climb back closer to the highest level since August 4, touched earlier this Friday.
Author  FXStreet
14 hours ago
West Texas Intermediate (WTI) US Crude Oil prices reverse a modest Asian session dip to sub-$66.00 levels and climb back closer to the highest level since August 4, touched earlier this Friday.
placeholder
Gold drifts higher to $5,000 on heightened US-Iran tensions Gold price (XAU/USD) holds positive ground near $5,000 during the early Asian session on Friday. The precious metal edges higher as escalating tensions between the United States (US) and Iran boost safe-haven demand.
Author  FXStreet
20 hours ago
Gold price (XAU/USD) holds positive ground near $5,000 during the early Asian session on Friday. The precious metal edges higher as escalating tensions between the United States (US) and Iran boost safe-haven demand.
placeholder
WTI rises above $65.50 as supply fears grow on US-Iran tensionsWest Texas Intermediate (WTI) Oil price gains ground and is trading around $65.70 per barrel during the European hours on Thursday.
Author  FXStreet
Yesterday 09: 09
West Texas Intermediate (WTI) Oil price gains ground and is trading around $65.70 per barrel during the European hours on Thursday.
placeholder
Silver Price Forecast: XAG/USD rises to near $78.00 on safe-haven demandSilver price (XAG/USD) extends its gains for the second successive session, trading around $78.00 per troy ounce during the Asian hours on Thursday. The precious metal Silver receives support from rising safe-haven demand amid persistent tensions between the United States (US) and Iran.
Author  FXStreet
Yesterday 06: 37
Silver price (XAG/USD) extends its gains for the second successive session, trading around $78.00 per troy ounce during the Asian hours on Thursday. The precious metal Silver receives support from rising safe-haven demand amid persistent tensions between the United States (US) and Iran.
goTop
quote