The Supreme Court's ruling on tariffs is deeply disappointing. I'm ashamed of certain members of the court for not having the courage to do what's right for our country.
Donald Trump
I have very effectively utilized tariffs over the past year to make America great again. Our stock market has just recently broken 50,000 on the Dow and broken 7,000 on the S&P.
Donald Trump
The court said I'm not allowed to charge even $1 under IEPA, but I am allowed to cut off all trade or impose embargoes. I can do anything I want but can't charge a fee.
Donald Trump
Now I'll go the way I could have gone originally, which is even stronger than our original choice. Justice Kavanaugh wrote that the decision might not substantially constrain the president's ability to order tariffs going forward.
Donald Trump
Effective immediately, all national security tariffs under Section 232 and existing Section 301 tariffs remain in place. Today I will sign an order to impose a 10% global tariff under Section 122.
Yesterday you made the case that the economy is the hottest it's been in a long time. What would you tell Americans who are worried that this decision will throw the economy off track?
Reporter
Donald Trump
We really are at a very important point. I've been waiting for this decision so long. Now we have certainty, and I think you're going to see the country get much stronger because of it.
Donald Trump
We're doing something in a very powerful way, using things that some people thought we should have used in the first place. The end result is going to get us more money.
Donald Trump
We have tariffs, just in a different way. Now they've been confirmed by the Supreme Court. There's no longer that question out there about tariffs.
Donald Trump
The factory workers are happy because we're now telling them that they're going to look. The man I met with yesterday who owned a factory was out of business, and now he's employing five times.
Donald Trump
Interest rates should come down very substantially. I think we should pay the lowest interest rates on the planet. We're number 38. This is just bad policy for a long period of time.
Donald Trump
Great certainty has been brought back to the economy of the United States and actually the economy of the world. We were a country that was dead one and a half years ago. Now we have the hottest country in the world.