特朗普全球关税被推翻！他放话“加征10%”

Core Viewpoint - The U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not grant the president the authority to impose tariffs without congressional approval, marking a significant legal defeat for President Trump and potentially impacting over $175 billion in tariffs [2][8][10]. Group 1: Supreme Court Ruling - The Supreme Court's decision was made with a 6-3 vote, stating that the IEEPA does not authorize the president to impose tariffs without Congress's explicit consent [8][9]. - The ruling upholds a previous lower court decision that found Trump's tariffs exceeded the authority granted by the IEEPA [10]. Group 2: Economic Implications - Economists estimate that the tariffs imposed under the IEEPA exceed $175 billion, and if refunded, could reduce the average effective tariff rate from 13.6% to 6.5%, a decrease of over 50% [11][12][14]. - The ruling may lead to the U.S. government needing to refund tariffs collected, which could exceed the total expenditures of the Departments of Transportation and Justice for the fiscal year 2025 [12][14]. Group 3: Market Reactions - Following the ruling, the U.S. dollar index fell, U.S. Treasury prices dropped, and major stock indices saw increased gains, indicating a relatively mild market reaction [5][18]. - Analysts suggest that the market's positive response may be short-lived, as the ruling was largely anticipated, and the focus may shift to alternative tariff measures that the Trump administration may pursue [19][20]. Group 4: Political Uncertainty - The ruling introduces new political uncertainties, as Trump has indicated he may utilize other legal frameworks to impose tariffs, such as the Trade Expansion Act of 1962 and the Trade Act of 1974 [16][17]. - Analysts believe that the situation is more politically charged than economically driven, with potential implications for Trump's political standing and future tariff policies [15][17].