Upon learning that the Supreme Court rejected the tariffs, Trump was "furious" and "lashed out."

According to CCTV News, on the 20th local time, the U.S. Supreme Court ruled that the large-scale tariff measures implemented by the Trump administration under the International Emergency Economic Powers Act (IEEPA) lacked clear legal authorization. On the same day, just as President Trump began a closed-door meeting with state governors, this shocking news reached him. According to media reports citing people present at the time, a trade advisor handed Trump a note. After reading it, Trump responded, “So, does that mean we lost?” Facing the governors seated in the state banquet hall, Trump attempted to maintain a calm exterior, but he was clearly furious inside. Insiders stated that he publicly denounced the ruling as “a disgrace,” and then hastily ended the Q&A session to leave early for strategy discussions. Connecticut's Democratic Governor Ned Lamont was also present at the meeting and described Trump's reaction at the time: “I felt like his head was going to explode.” "Foul-Mouthed Rant" in Dim Light About three hours after the ruling was announced, Trump appeared in the White House briefing room for a 45-minute press conference. Notably, one detail stood out: the usually bright lights in the briefing room were intentionally dimmed significantly. This not only aligned with Trump's preference for stage effects but also set a somber and confrontational atmosphere for the day. In front of the cameras, Trump appeared both angry and provocative, directly entering "foul-mouthed rant" mode. He vehemently criticized the conservative justices who voted to overturn his tariff policy, calling them “very unpatriotic.” He escalated the original court dispute into personal attacks, particularly targeting the two justices he personally nominated, Neil Gorsuch and Amy Coney Barrett. Trump bluntly stated: “To be honest, if you want to know the truth, I think these two are a disgrace to their families.” Even the plaintiffs who triggered this lawsuit—a family-run educational toy manufacturer—were publicly insulted by him as “sleaze bags.” Trump even suggested that the justices who made the unfavorable ruling were influenced by foreign powers and Democrats. He angrily declared: “They are completely acting as foolish lapdogs, being extremely unpatriotic and disloyal to our Constitution.” When asked whether the six justices who voted against him would still be invited to attend the State of the Union address on Tuesday, Trump responded: “They were hardly invited. Honestly, I don’t care whether they come or not.” In contrast, he praised the three dissenting justices, commending them for their “strength and wisdom,” and specifically lauded another justice he appointed, Brett Kavanaugh, as a “genius.” Trump holds a press conference, video screenshot Systemic Risks that Make the Legal Community "Shudder" Media analysis suggests that the focus of this turmoil has shifted from tariffs to Trump's open contempt for institutional norms. His view of "absolute loyalty" as the highest principle is impacting the underlying logic of American politics and economics. Erwin Chemerinsky, Dean of the School of Law at the University of California, Berkeley, bluntly stated that this kind of attack is unprecedented: "I can't think of any president who has ever spoken about the Supreme Court or its decisions in this way. It reflects that Trump really believes that the justices he appointed, and the entire conservative bloc, should support anything he wants to do." Former North Carolina Republican Governor Pat McCrory also pointed out that Trump's remarks are a blatant affront to the institutional norms that maintain the operation of the nation and government. What worries the market even more is that Trump will face a series of extremely sensitive major lawsuits in the future. Conservative legal scholar John Yoo, who served in the Justice Department under former President George W. Bush, stated that when hearing Trump's attacks, the president's legal team is likely "shuddering." This could be a significant source of market uncertainty: when a president who values personal loyalty above all else and is willing to "curse" the judicial system attempts to reach for the independence of the Federal Reserve and other core economic institutions, this extreme governing style that disregards safeguards is significantly raising the tail risk in the market. "Plan B": New 10% Tariff The most critical information is that Trump has not backed down. Despite facing significant legal setbacks, Trump has sent a clear signal: Tariffs will not disappear; they will just take a different form. According to CCTV News, Trump stated on Friday that he would sign an order to impose an additional 10% tariff on global goods based on Section 122 of the Trade Act of 1974, on top of the regular tariffs already imposed. This 10% tariff policy is expected to take effect "in about three days." He explained at an earlier press conference that this would be "on top of the normal tariffs we have already collected," and is based on a completely different legal authorization than the one that was rejected by the court. He even interpreted this loss as a kind of "good news," believing it clarified his right to impose tariffs under different legal grounds. When reporters pressed him on whether he would work with Congress to approve future tariffs, Trump's stance remained firm: "I have the right to impose tariffs; I have always had the right to impose tariffs."