00:00U.S. President Donald Trump says he'll impose a 10% global tariff and continue ahead with alternative measures
00:07after the Supreme Court ruled his sweeping tariffs exceeded presidential authority on Friday.
00:13The ruling dealt a major blow to Trump, striking down what has been one of the biggest pillars of his
00:19economic policy.
00:21The U.S. President seemed unfazed, however, and says with the new 10% levies he plans to introduce,
00:27Washington is set to make even more money than before.
00:31We are doing the various investigations necessary to put fair tariffs or tariffs, period, on other countries.
00:42So we're doing that period, but we're immediately instituting the 10% provision which we're allowed to do.
00:47And in the end, I think we're taking more money than we've taken in before.
00:51Trump's tariffs have been in deliberation at the U.S. top court for months.
00:55Six of the nine justices voted to outlaw his sweeping measures, which went into effect in August.
01:02The ruling puts much of the revenue earned from tariffs in question,
01:06and also trade deals brokered by the Trump administration, including the one with the European Union.
Comments