一图读懂：特朗普关税被判违宪 剩余五张“关税牌”

Core Viewpoint - The U.S. Supreme Court ruled on February 20 that the large-scale tariff policies implemented by the Trump administration under the International Emergency Economic Powers Act (IEEPA) were illegal [1][2]. Summary by Relevant Sections Tariff Policy and Legal Proceedings - The Trump administration invoked the IEEPA to impose a series of tariffs without Congressional approval, including "reciprocal tariffs" and fentanyl tariffs [1]. - The Supreme Court's decision was a 6-3 ruling, affirming that the IEEPA does not grant the authority to impose taxes, as the terms of regulation and taxation are separately defined in the law [2][3]. Court Rulings and Timeline - The case involved multiple plaintiffs, including small businesses and states, with the U.S. International Trade Court initially ruling in favor of the plaintiffs [1]. - The timeline of the legal proceedings includes a hearing on November 5, 2025, and a final ruling on February 20, 2026, where the plaintiffs were victorious [2]. Financial Implications - The ruling could potentially involve refunds of approximately $170 billion in tariffs collected from over 300,000 importers, although the court did not address how these refunds should be processed [5][6]. - The complexity of the refund process was acknowledged during the court's oral arguments, indicating potential administrative challenges [5]. Future Actions - Following the ruling, Trump announced a new executive order imposing a 10% tariff on goods from all countries, intended to replace the tariffs deemed illegal by the Supreme Court [8][9].