Trump does not plan to reduce tariffs, despite court ruling

President Trump has hinted on refusing to cut his predetermined tariff rates ahead of pressure from the courts to reduce them.

U.S. Trade Rep. Jamieson Greer.

President Trump's top aides expressed their opposition to the latest Supreme Court ruling deeming many of his tariffs illegal. Ahead of trade negotiations with the People's Republic of China, rhetoric like this will not go too far in rekindling long lost trade relations.

In addition, top economic analysts of the administration made no effort to extend the 90-day pause enacted on many of the president's tariffs, including his steep three-digit rates on China. This would mean that a massive wave of tariffs would be implemented effective immediately sometime in the month of July.

Howard Lutnick, the Secretary of Commerce for the incumbent Trump administration, stated on Fox News, "Rest assured, tariffs are not going away."

In addition, U.S. Trade Representative Jamieson Greer also stated on Fox News, "... [tariffs on China] it's hard to withhold that anymore." He cited concerns regarding China allegedly breaking previous trade agreements, an echo from the words of the president.

The president has assured that he has no plans on stopping his "Liberation Day" tariffs expansion. In fact, he has now put up a doubling of the previously high imported steel tariff, which could affect the operations of many automobile and electronic manufacturers at home that have relied so much on cheap foreign steel for decades, particularly from China. Scott Bessent, one of the biggest supporters of the steel tariff, cited potential to protect dwindling American steel jobs. Yet, there is still no evidence that the tariffs currently in place has benefited the domestic steel industry significantly, merely just a rise in share price due to investors' emotions, not true data.