Number Six
Chief Exit Officer (CEO)
Trump: "I am allowed to cut off any and all trade…I can destroy the trade, I can destroy the country, I'm even allowed to impose a foreign country destroying embargo…I can do anything I want to do to them…I'm allowed to destroy the country, but I can't charge a little fee."
Q: Why couldn't you just work with Congress to come up with a plan?
Trump: I don't have to. I have the right to do tariffs and I've always had the right to do tariffs. It's all been approved by Congress, so there's no reason.
Will Trump now abandon his tariff war?
Nope. Trump – who faces a backdrop of slowing economic growth – has made it clear that he is not backing down from his trade war.
Hours after the ruling, Trump held a press conference where he vowed to keep tariffs in place using a different law than the IEEPA.
He announced a new 10% global tariff and said that his administration would conduct additional “investigations” into unfair trading practices using the Trade Act of 1974.
