
qinbafrank|May 30, 2025 05:41
In early May, it was discussed that there was a high probability that additional equivalent tariffs would be imposed on various countries, and the final outcome would be the implementation of a basic equivalent tariff of 10% and tariffs on some industries with relatively low intensity ratios, with a final tax rate of about ten percent. At that time, many people did not agree, and today I see @ AnnaEconomist with the same viewpoint.
Last night, the US International Trade Court suspended the ban on tariffs, and last night the Federal Circuit Court of Appeals temporarily blocked the ban. This kind of game between the US domestic government and the court system may lead to more delays in negotiations among countries, although the final probability of the game of the administrative justice system is Trump wins (no other alternative terms are required, https://(x.com)/qinbafrank/status/1928246298421212411? S=46&t=k6rimWSEbo2D2TXolYcM-A has a lot of room for negotiation just by relying on the Trade Expansion Act of 1962 and the International Emergency Economic Powers Act at the end of 1977. However, countries are expected to wait for the final appeal court or the Supreme Court to make a ruling before they have the motivation to speed up negotiations.
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