The Latest: Trump says he'll sign executive order to enact 10 per cent global tariff
Washington | The Supreme Court struck down President Donald Trump's 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 per cent 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 doesn't matter because we have very powerful alternatives."
The Latest:
Farmers beg Trump to pursue a different path
American Farm Bureau Federation President Zippy Duvall says farmers understand Trump's efforts to use tariffs "to create a more level playing field for US goods, US workers and the US economy" but urged the administration to seek another way.
"Unfortunately, trade disruptions and declining prices for agricultural goods created additional hardships for farmers who came into 2025 already dealing with crippling inflation and declining farm prices," Duvall said in a statement.
He added, "With supply costs already at or near record highs, we strongly encourage the president to avoid using any other available authorities to impose tariffs on agricultural inputs that would further increase costs."
Court ruling adds uncertainty and confusion, but economic ties with ASEAN remain strong, says business group
The head of the US-ASEAN Business Council on Friday said the ruling adds "uncertainty and confusion" but it is not a deal breaker for US-ASEAN economic ties.
"At the end of the day, Southeast Asian leaders are deeply pragmatic; they recognize the scale of the U.S. market and the quality and staying power of U.S. investments," said Brian McFeeters, president and CEO of the business council.
He said the broader trajectory remains "firmly intact." ASEAN is a grouping of ten governments in Southeast Asia.
Indonesia, Malaysia and Cambodia have reached trade agreements with the Trump administration.
Tennessee Soybean Association urges Trump to not impose more tariffs
The Tennessee Soybean Association, a state chapter of the national association, called on Trump to avoid using other authority to impose tariffs on agricultural products.
"We recognize and respect the complex geopolitical issues the Trump Administration is navigating around the globe; however, agricultural inputs like crop protection chemicals, farm equipment, seeds, and fuel are vital to our soybean growers here in Tennessee," Jay Yeargin, president of the Tennessee Soybean Association, said in a statement. "With the economic crisis farmers are facing right now, there is little room for higher input costs, especially if we wish to compete in the global market." Newhouse announced that he is not seeking reelection.
Illinois governor demands refund, sends invoice marked Past Due-Delinquent
Illinois Gov. JB Pritzker is demanding a refund. The Democrat's gubernatorial campaign on Friday released a letter addressed to Trump - with an attached invoice for $8.68 billion - following the Supreme Court's ruling on tariffs.
"Your tariff taxes wreaked havoc on farmers, enraged our allies and sent grocery prices through the roof," wrote Pritzker, who's eyed as a 2028 presidential contender and has repeatedly sparred with the president. "This morning, your hand-picked Supreme Court justices notified you that they are also unconstitutional."
The invoice, marked "Past Due-Delinquent," sets the tariffs' cost at $1,700 for each of the state's 5.11 million households, a total of $8,679,261,600.
Pritzker says failure to pay will elicit "further action."
