Workflow
对等关税命运难测:美上诉法院关键审判开启庭辩,法官质疑特朗普授权
Hua Er Jie Jian Wen·2025-07-31 20:08

Core Viewpoint - The fate of the reciprocal tariffs remains uncertain as a court case questions the legal basis for President Trump's significant tariff actions [1] Group 1: Legal Proceedings - The U.S. Court of Appeals held oral arguments on the case "VOS Selections v. Trump," where judges questioned whether the International Emergency Economic Powers Act (IEEPA) allows the President to unilaterally alter the tariff schedule set by Congress [1][2] - The case centers on whether Trump exceeded presidential authority, infringing on Congress's constitutional power to set tariffs [1][3] - The Department of Justice defended Trump's global tariff system, but judges expressed skepticism towards their arguments [1][3] Group 2: Tariff Implications - A new round of reciprocal tariffs is set to take effect on August 1, impacting nearly 200 countries that failed to reach a trade agreement with the U.S. [1] - If the Trump administration loses the case, it could significantly undermine its overall tariff strategy and may require seeking Congressional authorization [1][5] Group 3: Judicial Concerns - Judges raised concerns about the scope of emergency powers, questioning why tariffs were not explicitly mentioned in the IEEPA and why Trump is the first president to invoke this law for tariffs [3][4] - The argument presented by the DOJ suggested that Congress intended to grant the President broad powers during emergencies, which could include imposing tariffs [4] Group 4: Market Impact - The Federal Circuit Court is not expected to make a ruling immediately, and the losing party is likely to seek a review from the Supreme Court [5] - A ruling in favor of Trump would grant him significant new powers to impose and relax tariffs on foreign entities, potentially setting a precedent for future presidents [5] - Conversely, a loss for the Trump administration could lead to a murky future for its tariff policies, with potential international disputes arising from countries seeking to revoke existing agreements [5][6]