President Trump: I am allowed to cut off all trade with a country

Agustin Wazne FXStreet

United States (US) President Donald Trump said on Friday he is deeply disappointed of certain members of the Supreme Court after it ruled that his sweeping tariffs are illegal. In a press conference in Washington DC, Trump has vowed to impose a 10% "global tariff" using an alternative law.

Key takeaways

It is deeply disappointing.

Ashamed of certain members of the court.

Foreign countries are so happy.

Countries won't be dancing for long.

Court has been swayed by foreign interests.

There are methods that are even stronger available to me.

Other alternatives will be used on tariffs.

Could be we take in more money.

I am allowed to cut off all trade with a country.

I am allowed to impose an embargo.

I will go in a stronger direction now.

Supreme Court made my ability to impose tariffs more powerful.

Income coming in from tariffs will increase.

Effective now, all national security tariffs under Section 301 remain in place.

10% global tariff to be imposed on top of other tariffs."

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.22%	-0.32%	-0.14%	-0.15%	-0.48%	-0.15%	-0.15%
EUR	0.22%		-0.10%	0.05%	0.08%	-0.24%	0.08%	0.07%
GBP	0.32%	0.10%		0.17%	0.18%	-0.14%	0.17%	0.17%
JPY	0.14%	-0.05%	-0.17%		-0.00%	-0.34%	-0.02%	-0.01%
CAD	0.15%	-0.08%	-0.18%	0.00%		-0.34%	-0.02%	0.00%
AUD	0.48%	0.24%	0.14%	0.34%	0.34%		0.32%	0.33%
NZD	0.15%	-0.08%	-0.17%	0.02%	0.02%	-0.32%		0.01%
CHF	0.15%	-0.07%	-0.17%	0.00%	-0.00%	-0.33%	-0.01%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

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