"A very unfortunate ruling, but the good news is that almost all countries and corporations want to keep the deal that they already made..... knowing that the legal power that I as president have to make a new deal could be far worse for them, and therefore they will continue to work along the same successful path that we had negotiated before the Supreme Court's unfortunate involvement," he said during his first State of the Union address in his non-consecutive second term.
The remarks came just several days after the U.S. Supreme Court struck down his sweeping global tariffs policy, ruling that Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose broad import duties was unlawful. The decision dealt a significant blow to one of the administration's signature economic initiatives.
Undeterred, Trump wasted no time resorting to alternative measures such as Section 122 and Section 301 of the Trade Act of 1974 and Section 232 of the Trade Expansion Act of 1962, threatening to reimpose global tariffs of up to 15 percent.
He then doubled down further, declaring that import duties could one day replace income taxes even as his administration faces major legal and political obstacles to that vision.
"As time goes by, I believe the tariffs paid by foreign countries will, as in the past, substantially replace the modern-day system of income tax," Trump said to applause from Republican lawmakers, claiming that such a shift would "take a great financial burden off the people that I love."
"So despite the disappointing ruling, these powerful country saving - it's saving our country the kind of money we're taking in - peace protecting - many of the wars I settled was because of the threat of tariffs I wouldn’t have been able to settle them without - will remain in place under fully approved and tested alternative legal statutes," Trump said, adding that "congressional action will not be necessary."
"And therefore, they will continue to work along the same successful path that we had negotiated before the Supreme Court's unfortunate involvement," he said.
Trump's unwavering stance leaves uncertainty looming and complicates calculations, as tariff deals are not merely economic matters but are closely linked to national security and defense concerns.
Earlier in the day, South Korean Ambassador to the U.S. Kang Kyung-wha said at a press briefing with South Korean correspondents in Washington, D.C., that Seoul has been "closely monitoring" the Trump administration's follow-up moves while supporting upcoming discussions with Washington, aiming to ensure they proceed "in a favorable atmosphere."
Washington's trade community has also turned its attention to newly opened investigations under Section 301, with speculation mounting that the U.S. Trade Representative (USTR) could examine potential "discriminatory practices" against U.S. tech and digital platforms, including e-commerce giant Coupang, which claims it suffered unfair treatment during a probe related to its massive data leak late last year.
Tuesday's address came after over a year of rapid deregulation, a record number of executive actions, and a turbulent political climate marked by mass layoffs, aggressive immigration enforcement, and a partial shutdown at the Department of Homeland Security.
While Trump used the address to project confidence in his economic stewardship ahead of November's U.S. midterm elections, recent polls suggest public opinion remains divided. A PBS News/NPR/Marist survey found that 60 percent of Americans believe the country is worse off than a year ago, compared with 40 percent who say it has improved.
Copyright ⓒ Aju Press All rights reserved.