The big news just came out. The Supreme Court ruled that Trump's trade tax policy was illegal by voting 6-3. The delay in the verdict of the Supreme Court is obviously due to many factors that need to be considered, and multiple parties need to fully switch hands and play games. This verdict is a significant landmark event, as the image of the strongest president since World War II, who was once known as the "Three Powers in One" after winning last year's election, has been questioned. The ruling of the Supreme Court is equivalent to reaffirming the principle of separation of powers. Any large-scale tariff policy in the future is likely to require formal legislative procedures, which greatly increases the difficulty of policy implementation and the cost of political games. Tariffs are essentially taxes levied on importers and end consumers. The ruling abolished these additional tariffs, which helps directly reduce the cost of goods in the supply chain. This cooling down of overall macro inflation data is a positive signal. Perhaps it was the previously lower than expected CPI data that gave the verdict confidence. This ruling essentially relieves the heavy tax pressure hanging over major global trading partners. Trade frictions with other major economies will provide a breathing space, significantly reducing the risk of a large-scale retaliatory tariff war worldwide. But this ruling will also cause huge confusion, as importers may face tax refund claims for the huge tariffs they previously paid in accordance with the law. This will be an extremely complex and time-consuming legal and financial liquidation process, which will cause sudden financial pressure on the US Treasury Department. This ruling is also a blow to Trump's political image and credit, so the probability of Trump's short and smooth military adventure in Iran diverting his attention and seeking new winning subjects to beat MAGA's blood rises again. It's almost the weekend again, so I really have to be prepared.