Workflow
宪法分权原则
icon
Search documents
东方战略周观察:特朗普关税裁决进展更新
Orient Securities· 2025-06-03 11:10
Group 1: Legal and Judicial Developments - On May 29, the U.S. Court of International Trade (CIT) ruled that Trump's tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were illegal, marking a judicial constraint on Trump's executive power in trade policy[1] - The ruling emphasizes the constitutional principle of separation of powers, highlighting the legal controversy surrounding Trump's tariff policies and their impact on the U.S. trade governance system[1] - Although the CIT ruling has nationwide effect, the Trump administration can delay its implementation through appeals or by invoking other legal grounds[1] Group 2: Tariff Implications and Future Actions - Following the CIT ruling, the Trump administration filed an appeal, and the appellate court allowed Trump to continue imposing import tariffs, with responses due by June 5 and June 9[2] - Trump announced a doubling of tariffs on steel and aluminum imports to 50% starting June 4, disrupting ongoing negotiations with trade partners like Canada and the EU[1] - The ability to delay the execution of the CIT ruling may influence the establishment of a normalized tariff mechanism, with the Justice Department seeking a long-term stay on the ruling[2] Group 3: Constitutional and Legislative Concerns - The core debate centers on whether Trump's use of IEEPA to impose tariffs exceeds the constitutional powers granted to the presidency, as only Congress has the authority to levy tariffs[3] - The lawsuit was initiated by Arizona, with multiple states participating, reflecting a broader concern over executive overreach in tariff imposition[3] - The ruling indirectly criticizes Congress for allowing the expansion of presidential powers and calls for clearer legislative boundaries regarding tariff authority[4] Group 4: Alternative Taxation Strategies - The Trump administration may explore other taxation methods to circumvent judicial constraints, including tariffs based on national security under the Trade Expansion Act of 1962[4] - Potential expansion of tariffs to other industries, such as semiconductors and lumber, could be pursued under existing trade laws[4] - The outcome of the appeals process may affect the leverage Trump has in trade negotiations, with partners likely to pause concessions until a definitive judicial ruling is made[4]