I woke up this morning to see this news, and Brother Wu's explanation is already very comprehensive. I will add a little bit of the latest content:

1. The U.S. International Trade Court has ruled that the tariffs announced by the Trump administration on "Liberation Day" are illegal and exceed the president's authority under the International Emergency Economic Powers Act (IEEPA) of 1977. The ruling permanently prohibits the enforcement of these tariffs and requires U.S. Customs and Border Protection to stop collecting the related tariffs within 10 days.

2. The court pointed out that the Trump administration viewed long-standing trade deficits and the influx of illegal drugs as a "national emergency" to justify the tariffs, but these reasons failed to meet the "unusual and extraordinary threat" standard required by the IEEPA. Therefore, the court concluded that the president did not have the authority to unilaterally impose such broad tariffs in this case.

3. The Trump administration has appealed the ruling and may seek a temporary injunction during the appeal process to restore the collection of tariffs. However, the three judges unanimously agreed that the president's actions exceeded his statutory authority.

4. The court's ruling primarily targets the global tariffs imposed by the Trump administration under the IEEPA on "Liberation Day," stating that the president did not have the authority to unilaterally impose such broad tariffs in this case. However, the court did not negate the president's ability to impose tariffs under other legal authorities, such as Section 232 of the Trade Expansion Act of 1962. Therefore, the Trump administration can still implement some tariff policies under other laws.

5. Although the court ruling limits the president's tariff authority under the IEEPA, the White House may seek other legal bases or administrative means to continue advancing its trade policy. The Trump administration may impose import taxes temporarily on countries with significant trade deficits with the U.S. under Section 122 of the Trade Act of 1974.

6. According to the ruling of the U.S. International Trade Court, if the Trump administration's appeal fails and the ruling takes effect, businesses that have paid the tariffs deemed illegal on "Liberation Day" will be entitled to refunds, including interest. According to data from U.S. Customs and Border Protection (CBP), since the implementation of these tariffs in January 2025, the average daily revenue has been about $250 million, with a cumulative total exceeding $21 billion.

7. The main plaintiff pushing for the lawsuit against the Trump administration's "Liberation Day" tariffs is the nonprofit legal organization Liberty Justice Center, which filed the lawsuit on behalf of five small import businesses. These businesses include V.O.S. Selections, Inc., a wine and spirits importer based in New York. Additionally, 12 states led by Oregon have also filed similar legal challenges against the Trump administration.

Overall, this is a significant challenge to Trump's political career, as the main thing Trump has done since taking office is impose tariffs. If the tariffs are ruled "illegal," it would be a major blow to Trump and the Republican Party, especially since many of Trump's executive orders would come under scrutiny.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。