🚨The Supreme Court has overturned the tariff measures, and we are now back in a highly uncertain environment—

The U.S. Supreme Court ruled 6 to 3 that the Trump administration's large-scale tariff increases under the International Emergency Economic Powers Act were "illegal."

You have to say Trump is quite a character!

Because he hardly thought about it, and on the same day, he changed the law and introduced a 10% global tariff (150-day version), while initiating multiple so-called Section 301 investigations to pave the way for formal tariffs.

HSBC statistics suggest that if the ruling is upheld, the U.S. may need to refund the already collected IEEPA tariffs:

The potential refund size is $175 billion, which would absolutely provide a short-term fiscal stimulus for the U.S. stock market.

However, Trump stated that the ruling did not discuss refund issues, and the government has no immediate large-scale refund plan; any refunds would require more than two years of legal battles.

This is just crazy, directly turning tariffs into a multi-layered cake!😂

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