President Trump said Friday that he is "absolutely ashamed" of the Supreme Court after it struck down his sweeping tariffs agenda.
Why it matters: Trump, who previously called the lawsuit the "most important case ever," was banking on tariffs to boost the U.S. economy, pay down the national debt, and fund domestic policy plans.
- "The Supreme Court's ruling on tariffs is deeply disappointing," he said in Friday afternoon's news conference.
The big picture: The Supreme Court's ruling is a blow to the administration's economic and foreign policy agendas and a rare rebuke of Trump's power.
Zoom in: Trump said he could "destroy" other countries, despite the ruling.
- "I'm allowed to destroy the country, but I can't charge them a little fee," he said.
Friction point: Trump said the justices who struck down his policy were a "disgrace to our nation."
- Hours after the court struck down the president's signature economic policy, Trump accused justices of being swayed by foreign interests.
- The president also criticized the court for not releasing a decision sooner, and he rejected the idea of working with Congress.
What we're watching: Trump said the government will use another section of trade law to immediately impose 10% tariffs on countries around the world, but the Section 122 authority is temporary.
- "Countries that have treated us badly will have to pay a price for treating us badly, and countries that have been good to us will be treated very well," Trump said.
Context: Trump has repeatedly claimed the U.S. economy would struggle if the Supreme Court shot down his policy.
- "I'll have to figure something out. I don't want to even think about it, we're doing so well," Trump said in October, later adding that if tariffs are taken away, "then they've taken away our national security."
Go deeper: Supreme Court says Trump global tariffs are illegal
Editor's note: This story has been updated with details throughout.
