Trump Vows “Tariff Revenge” After His Own SCOTUS Picks Pull the Rug on Liberation Day

Supreme Court: I know you’re not used to being told “no,” but we’re putting an end to this tariff game you’ve been playing…

Trump: Oh yeah? In that case, I’m going to “tariff” the rest of the world even harder…

And just like that, we’re back in Tariff Season (almost like we never left).

In case you haven’t heard… yesterday, the Supreme Court dropped a 6-3 anvil on Donald Trump’s “Liberation Day” import taxes, ruling he overstepped his authority by using the International Emergency Economic Powers Act (IEEPA) to put tariffs on basically the entire planet.

Too sprinkle dump even more salt on the wound, two of the supreme court members Trump personally installed were the reason for this decision. Because in Donnie’s opinion, you don’t appoint someone to the highest court in the land so they can interpret the Constitution… you appoint them to nod enthusiastically. Needless to say, I’m surprised he stopped short of calling both of them and their families losers.

Chief Justice John Roberts (who was appointed by George W. Busch) sided with the majority, writing that when Congress wants to give a president tariff power, it says so explicitly. And spoiler: the word “tariffs” does not appear in IEEPA. Translation: You can’t just yell “emergency!” and tax anyone with a flag and a national anthem.

(Source: CNBC)

Obviously this is a major win for businesses, states that sued, and potentially major headache for the Treasury, since billions in refunds are now on the table. But then (about as predictable as Tom Cruise sprinting full speed in a Mission Impossible movie) Trump logged onto Truth Social.

Within hours of the ruling, he unveiled a new 10% global tariff (this time under different trade authorities) calling the decision “terrible” and blasting the justices who ruled against him as “fools.”

Then this morning, he bumped it to 15%. “Effective immediately.” Because if 10% gets struck down… clearly the answer is 15%. 

To be fair, presidents do have other tools. Trump is now pointing to Section 122 of the Trade Act of 1974, which allows temporary tariffs unless Congress extends them. Emphasis on temporary. That little detail may matter.

So now we’re in a policy twilight zone. The old tariffs were ruled unconstitutional under IEEPA. The new tariffs might survive under a different statute. And refunds? Those could be tied up in court long enough for us to be filing taxes via brain chip.

Meanwhile, markets are left playing “guess the legal basis.”

Remember, this all started last spring when Trump hit Mexico, Canada, and China with duties… then expanded them to dozens of countries in what he branded “Liberation Day.” In case you forgot, this went over like a fart in church. Now the Court is claiming Congress never handed over blank-check tariff authority in the first place.

According to Roberts’, if Congress wanted to give a president extraordinary tariff power, it would’ve said so. But as we all know, the Trumpster is not one to go out without a YUGE fight.

His rebuttal is that refunds will face years of legal battles and that he has “great alternatives” to push this through regardless. Translation: I’d like to see you try and stop me. Oh and did I mention the State of the Union speech is set to happen next week? So be prepared to see Donnie in his angriest, pettiest form.

Long story short, Liberation Day 2.0 just dropped. And this story’s just getting started.

At the time of publishing this article, Stocks.News doesn’t hold positions in companies mentioned in the article.