Trump vows 10% global tariff after Supreme Court ruling

BUT WE BEGIN WITH LAURA JARRETT ON THAT LANDMARK DECISION FROM. LAURA JARRETT ON THAT LANDMARK DECISION FROM THE SUPREME COURT. LANDMARK DECISION FROM THE SUPREME COURT. >> Reporter: TONONIGHT, THE SUPREME COURT. >> Reporter: TONONIGHT, PRESIDENT DONALD TRUMP. PRESIDENT DONALD TRUMP UNLOADING ON MEMBERS OF THE U.S. SUPREME. UNLOADING ON MEMBERS OF THE U.S. SUPREME COURT. OF THE U.S. SUPREME COURT. >> I'M ASHAMED O OF. COURT. >> I'M ASHAMED OF CERTAIN MEMBERS S OF THE. CERTAIN MEMBERS OF THE COURT, ABSOLUTELY ASHAMED. COURT, ABSOLUTELY ASHAMED. THEY'RE JUST BEING. ASHAMED. THEY'RE JUST BEING FOOLS AND LAP DOGSGS. THEY'RE JUST BEING FOOLS AND LAP DOGS. >> Reporter: EVEN. >> Reporter: EVEN SUGGESTING, WITHOUT EVIDENCE, A DEEPER. SUGGESTING, WITHOUT EVIDENCE, A DEEPER CONSPIRARACY AT PLAY. EVIDENCE, A DEEPER CONSPIRACY AT PLAY. >> IT'S MY OPINION. CONSPIRACY AT PLAY. >> IT'S MY OPINION THAT THE COURT HAS. >> IT'S MY OPINION THAT THE COURT HAS BEEN SWAYEYED BY FOREIGN. BEEN SWAYED BY FOREIGN INTERESTS. >> Reporter: THE. INTERESTS. >> Reporter: THEHE PRESIDENT TAKING. >>>> Reporter: THE PRESIDENT TAKING PARTICULARLY SHARP AIM. ES. PARTICULARLY SHARP AIM AT THE VERY JUSTICES HE APPOINTED, AFTER. AT THE VERY JUSTICES HE APPOINTED, AFTER THE HIHIGH COURT STRUCK.

THE HIGH COURT STRUCK DOWN MOST OF THE TARIFFS HE IMPOSOSED ON. DOWN MOST OF THE TARIFFS HE IMPOSED ON VIRTUALLY EVERY U.S. TARIFFS HE IMPOSED ON VIRTUALLY EVERY U.S. TRTRADING PARTNER. VIRTUALLY EVERY U.S. TRADING PARTNER. >> THIS WAS AN. TRADING PARTNER. >> THIS WAS AN IMPORTANT CASESE TO ME, IMPORTANT CASE TO ME, MORE AS A SYMBOL OF ECONOMIC NATIONAL. MORE AS A SYMBOL OF ECONOMIC NATIONAL SECURITY. ECONOMIC NATIONAL SECUCURITY. TO SHOW YOU HOW. SECURITY. TO SHOW W YOU HOW RIDICULOUS THE OPINION. TO SHOW YOU HOW RIDICULOUS THE OPINION IS, HOWEVER, THE COURT. RIDICULOUS THE OPINION IS, HOWEVER, THE COURT SAID THAT T I'M NOT. SAID THAT I'M NOT ALLOWED TO CHARGE EVEN $1. ALLOWED TO CHAHARGE EVEN $1. I CAN'T CHARGE $1. I CAN'T CHARGE $1. >> Reporter: NOT A SINGLE DOLOLLAR BECAUSE. >> Reporter: NOT A SINGLE DOLLAR BECAUSE OF THEHE SPECIFIC LAW HE. SINGLE DOLLAR BECAUSE OF THE SPECIFIC LAW HE RELIED ON TO ENACT A. OF THE SPECIFIC LAW HE RELIED ON TO ENACT A SWEEPING SERIES OF. RELIED ON TO ENACT A SWEEPING SERIES OF TARIFFS LAST YEAR. SWEEPING SERIES OF TARIFFS S LAST YEAR. THE RULING, AUTHORED. THE RULING, AUTHORED BY CHIEF JUSTICE ROBERTS, WITH JUSTICE.

BY CHIEF JUSTICE ROBERTS, WITH JUSTICE BARRRRETT AND JUSTICE. ROBERTS, WITH JUSTICE BARRETETT AND JUSTICE GORSUCH JOINING THE. BARRETT AND JUSTICE GORSUCH JOINING THTHE LIBERALS TODAY, GORSUCH JOINING THE LIBERALS TODAY, FINDING THE POWER TO. LIBERALS TODAY, FINDING THE POWER TO IMPOSE TARIFFS IS A. FINDING THE POWER TO IMPOSE TARIFFS IS A TAXING POWOWER GENERALLY. IMPOSE TARIFFS IS A TAXIXING POWER GENERALLY FOR CONGRESS, NOT THE. TAXING POWER GENERALLY FOR CONGRESS, NOT THE PRESIDENT, IN THIS. FOR CONGRESS, NOT THE PRESIDENT, IN THIS CASE. CASE. WRITING, WHEN CONGRESS GRANTS THE POWER TO. GRANTS THE POWER TO IMPOSE TARIFFS, IT DOES SO CLEARLY AND. IMPOSE TARIFFS, IT DOES SO CLEAEARLY AND WITH CAREFUL. WITH CAREFUL CONSTRAINTS. IT DID NEITHER HERE. CONSTRTRAINTS. IT DID NEITHER HERE. THE MAJORITY OPINION, IT DID NEITHER HERE. THE MAJORITY O OPINION, HOWEVER, SILENT ABOUT. O. HOWEVER, SILENT ABOUT WHAT SHOULD HAPPEN TO THE MORE THAN. WHAT SHOULD HAPPEN TO THE MORE THAN $130 BILLION IN. THE MORE THAN $130 BILLION IN ESTIMAMATED TARIFF. $130 BILLION IN ESTIMATED TARIFF REVENUE ALREADY. ESTIMATED TARIFF REVENUNUE ALREADY COLLECTED FROM U.S. REREVENUE ALREADY COLLECTED FROM U.S. COMPANIES TO DATE.

COLLECTED FROM U.S. COMPANIES TO DATE. JUSTICE KAVANAUGH IN. COMPANIES TO DATE. JUSTICE KAVANAUGH IN DISSENT, WARNING OF AN. JUSTICE KAVANAUGH IN DISSENT, WARNING OF AN IMMINENTNT MESS, SAYING. DISSENT, WARNING OF AN IMMINENT MESS, SAYING THE UNITEDED STATES MAY. IMMINENT MESS, SAYING THE UNITED STATES MAY BE REQUIRED TO REFUND. THE UNITED STATES MAY BE REQUIRED TO REFUND BILLLLIONS OF DOLLARS TO. BE REQUIRED TO REFUND BILLIONSNS OF DOLLARS TO IMPORTERS WHO PAID THE. IMPORTERS WHO PAID THE IE FOR TARIFFS, EVEN THOUGH SOME IMPORTERERS. IE FOR TARIFFS, EVEN THOUGH SOME IMPORTERERS MAY HAVE ALREADY. THOUGH SOME IMPORTERS S MAY HAVE ALREADY PASSED ON COSTS TO. MAY Y HAVE ALREADY PASSED ON COSTS TO CONSUMERS OR OTHERS. PASSED ON COSTS TO CONSUMERS OR OTHERS. >> I GUEUESS IT HAS TO. >> I GUESS IT HAS TO GET LITIGATED FOR THE NEXT TWO YEARS. GET LITIGATED FOR THE NENEXT TWO YEARS. >> Reporter: FOR. >> Reporter: FOR COMPANIES LIKE VOS SELECTCTIONS, A. COMPANIES LIKE VOS SELECTIONS, A FAMILY-OWNED WINE. SELECTIONS, A FAMILY-OWNED WINE BUSINESSSS AND ONE OF. FAMILY-OWNED WINE BUSINESS ANDND ONE OF THE LEAD PLAINTIFFS. SE. THAT SUED OVER THESE TARIFFS, THE LEGAL BATTLE IS FAR FROM. TARIFFS, THE LEGAL BATTLE I IS FAR FROM OVER. BATTLE IS FAR FROM OVER. >> DO YOU U PLAN TO SEEK. OVER. >> DO O YOU PLAN TO SEEK A REFUND?

>> DO YOU PLAN TO SEEK A REFUNDND? >> ABSOLUTELY. A REFUND? >> ABSOLUTELY. WE ALL ARE. >> ABSOLUTELY. WE ALL ARE. >> Reporter: WHILE. WE ALL ARE. >> Reporter: WHILE TONINIGHT THE PRESIDENT. TONIGHT THE PRESIDENT ALREADY TAKING A DIFFERENT ROROUTE, ALREADY TAKING A DIFFERENENT ROUTE, ANNOUNCING HE SIGNED A. DIFFERENT ROUTE, ANNOUNCING HE SIGNED A NEW GLOBOBAL 10% TARIFF. ANNOUNCING HE SIGNED A A NEW GLOBAL 10% TARIFF ON ALL COUNTRIES, NEW GLOBAL 10% T TARIFF ON ALL COUNTRIES, VOWING IT WILL TAKE. T. VOWING IT WILL TAKE EFFECT ALMOST T IMMEDIATELY. EFFECT ALMOST IMMEDIATELY. >> ALL RIGHT. IMMEDIATELY. >> ALL RIGHT. WITH THAT, LAURA. >> ALL RIGHT. WITH THAT, LAUAURA JARRETT AND CHRISTINE. JARRETT AND CHRISTINE ROMANS JOIN US NOW T TO BREAK DOWN WHAT COMES. ROMAMANS JOIN US NOW TO BREAK DOWN WHAT COMES UP NEXT. BREAK DOWN WHAT COMES UP NEXT. LAURA, LET'S PICICK IT. LAURA, LET'S PICK IT UP RIGHT THERE. WHAT IS THIS 10%. UP RIGHT THERE. WHAT IS THISIS 10% GLOBAL TAX? GLOBAL TAX? WHAT DO WE KNOW ABOUT THIS T TARIFF? WHAT DO WEWE KNOW ABOUT THIS TARIFF? >> TOM, THIS WAS PLAN. THIS TARIFF? >> TOM, THIS WAS PLAN B B FOR A REASON.

>> TOM, THIS WAS PLAN B FOR A REASON. IF HE GOES THIS ROUTE, B FOR A REASON. IF HE GOES THIHIS ROUTE, THERE ARE TIME. THERE ARE TIME CONSTRAINTS.S. HE CAN ONLY IMPOSE THE. HE CAN ONLY IMPOSE THE TARIFFS FOR 150 DAYS. THENEN HE NEEDS. THEN HE NEEDS CONGRESSIONAL APPROVAL. CONGRESSIONAL APPROVAL. HE HAS OTHERS AT HIS. APPROVAL. HE HAS OTHERS AT HIS DISPOSAL. DISPOSAL. THEY TOO HAVE DRAWBACKS AND. THEY TOO HAVE DRAWBACKS S AND CONSTRAINTS. CONSTRAINTS. >> ALL RIGHT. CHRISTSTINE, WE KNOW THE. CHRISTINE, WE KNOW THE MARKETS FINISHED UP TODAY. MARKETS FINISHEDED UP TODAY. WHAT DOES THAT MEAN. TODAY. WHAT DOES THAT MEAN FOR THE PRICES WE PAY. FOR THE PRICES WE PAY AND FOR MANUFACTURING JOBS THEHE PRESIDENT WAS. AND FOR MANUFACTURING JOBSBS THE PRESIDENT WAS TRYING TO BRING BACK? JOBS THE PRESIDENT WAS TRYING TO BRING BACK? >> LOOK,K, THOSE TARIFFS. >> LOOK, THOSE TARIFFS WERE A BIG COST FOR COMPANIES FOR R MORE. COMPANIES FOR MORE THAN A YEAR. THE HOPE IS THIS T TAKES. THE HOPE IS THIS TAKES PRESSURE OFF FAMILY BUDGETS. PRESSURE OFF FAMILY Y BUDGETS. YOU'RE TALKING ABOUT. YOU'RE TALKING ABOUT MUCH LOWER PRICECES TO IMPORT THINGS LIKE.

IMPORT THINGS LIKE FURNITURE AND FOOD AND ELELECTRONICS AND WINE. ELECTRONICS AND WINE AND APPAREL. NOW, T THE GOAL OF THOSE. NOW, THE GOAL OF THOSE BIG TARIFFS, OF COURSE, WAS S TO RESTORE. COURSE, WAS TO RESTORE AMERICAN MANUFACTURING. AMERICAN MANUFACTURINING. BUT ACTUALLY OVER THE. BUT ACTUALLY OVER THE PAST YEAR OR SO, SINCE THTHE PRESIDENT TOOK. PAST YEAR OR SO, SINCE THE PRESIDENT TOOK OFFICE, HE'S ACTUALLY. THE PRESIDENT TOOK OFFICE, HEHE'S ACTUALLY LOST 83,000. OFFICE, HE'S ACTUALLY LOST 83,000 0 MANUFACTURING JOBS, LOLOST 83,000 MANUFACTURING JOBS, TOM. MANUFACTURING JOBS, TOM. SO, UNCLEAR WHAT THIS.