Feb 20 (Reuters) - U.S. President Donald Trump responded with fury to Friday's Supreme Court ruling that he did not have the power to unilaterally set tariffs on imports,denigrating individual justices as he vowed to wield a different law to continue his global trade war.
The court's landmark 6-3 ruling upended the leverage Trump and his trade envoys have wielded over foreign governments, both allies and foes, at negotiating tables around the world to reshape diplomatic relations and global markets.
It called into question the many trade deals his envoys have negotiated in recent months under the threat of high tariffs. It pushed all three major U.S. stock indexes to their highest levels in weeks. And it left open the fate of the $175 billion Trump has collected from U.S. importers under what the court said was his incorrect reading of the law.
"I'm ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what's right for our country," Trump told reporters at the White House, complaining that foreign countries were ecstatic at the ruling and were "dancing in the street."
He insinuated, without evidence, that corruption played a part in the majority's decision, which was written by Chief Justice John Roberts: "They're very unpatriotic and disloyal to our Constitution. It's my opinion that the court has been swayed by foreign interests and a political movement that is far smaller than people would ever think."
TRUMP EXCEEDED HIS AUTHORITY: COURT
Since returning to the White House 13 months ago, Trump has said he had what the court summarized as the "extraordinary power to unilaterally impose tariffs of unlimited amount, duration, and scope." Citing a national emergency, he said the International Emergency Economic Powers Act (IEEPA) meant he could set tariffs at any rate he chose.
The court's ruling was blunt: Trump has not proved the president has this power, and exceeded his authority. A tariff levied on U.S. importers is a tax like any other, the court said, and the Constitution reserves the power to "lay and collect Taxes, Duties, Imposts and Excises" to Congress.
In response, an angry Trump said on Friday afternoon he would invoke other laws to collect tariffs, and announced a blanket 10% tariff on imports from all other countries, on top of any existing non-IEEPA tariff. In doing so, he became the first president to invoke Section 122 of the Trade Act of 1974, in which Congress said the president could levy tariffs of up to 15% for up to 150 days to fix "fundamental international payments problems."
(Reporting by Andrew Chung, John Kruzel, Andrea Shalal, David Lawder, Gram Slattery and Jonathan Allen;Editing by Noeleen Walder, Will Dunham, Rod Nickel)
