Dan Schwartzman

President Trump with a strong reaction to the Supreme Court striking down his sweeping global tariffs in a six to three ruling.

Trump said he was, quote, ashamed of certain members of the court and that some of the justices were, quote, frankly, a disgrace to our nation.

Trump went on to say that the justices were, quote, very unpatriotic and disloyal to our Constitution, while also suggesting they may have been swayed by foreign interests.

The president, though, says the administration has other ways to collect tariffs.

President Trump also announcing a new global tariff.

That's President Trump.

Treasury Secretary Scott Besson, speaking at the Economic Club of Dallas on Friday, says tariff revenue shouldn't be affected by the Supreme Court ruling.

Besant's also weighing in on potentially having to refund as much as $170 billion in collected tariffs, which is more than half the total revenue Trump's tariffs have brought in.

That's Treasury Secretary Scott Besson speaking at the Economic Club in Dallas.

Meanwhile, European Union lawmakers will be holding an emergency meeting to reassess the bloc's trade deal with the U.S.

The European Parliament's Trade Committee had been expected to vote to move forward with the ratification process of the agreement, but the court's ruling has now cast doubt on the timeline and the entire accord.

The trade pact would have erased tariffs on most American goods instead of 15% tariff on EU products.

Wall Street reacting to the Supreme Court ruling with the Dow gaining around a third of a percent.

The S&P 500 is up over a half percent, while the Nasdaq has gained around three quarters of one percent.

The 10-year Treasury yield is at 4.085, the two years at 3.481.

Gold is trading above $5,070 an ounce, while Bitcoin is close to $67,700.

President Trump speaking to reporters at the opening of a breakfast with governors at the White House earlier today says he is considering limited strikes on Iran as a way to ramp up pressure on the regime to make a deal to limit its nuclear program.

The U.S.

military has been building up a massive armada in the Middle East, including two aircraft carriers, hundreds of fighter jets and refueling tankers, along with thousands of troops.

The president has said Iran has 10 to 15 days to strike a deal over its nuclear program.