The U.S. Supreme Court announced its ruling on the 20th, ruling that the U.S. International Emergency Economic Powers Act does not authorize the U.S. government to impose large-scale tariffs. This ruling represents a significant setback for the Trump administration’s large-scale tariff policies. Regarding this decision, U.S. sources stated that uncertainty still remains for American business owners, including some small businesses, and the losses and impacts caused by previous tariff policies are difficult to recover. (CCTV News)
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The U.S. Supreme Court rules that the Trump administration's large-scale tariff policies are illegal
The U.S. Supreme Court announced its ruling on the 20th, ruling that the U.S. International Emergency Economic Powers Act does not authorize the U.S. government to impose large-scale tariffs. This ruling represents a significant setback for the Trump administration’s large-scale tariff policies. Regarding this decision, U.S. sources stated that uncertainty still remains for American business owners, including some small businesses, and the losses and impacts caused by previous tariff policies are difficult to recover. (CCTV News)