【Trump Hits the "Pause Button" on Tariffs! Behind the Power Struggle of the Supreme Court, a $1 Trillion Tax Refund Storm Looms】

According to Jin Shi Data on November 7, U.S. President Trump officially stated: During the Supreme Court's review of the legality of tariffs, no new tariff measures will be introduced. If the ruling is unfavorable, the government has prepared a second plan, which, although slower to implement, will never abandon trade rights protection. Behind this statement is a fierce collision between the executive and legislative powers in the United States, which is also a key game affecting the global trade pattern.

The core of this case directly targets the legality of Trump's tariffs—he invoked the 1977 International Emergency Economic Powers Act to impose a 10% "minimum baseline tariff," which has been challenged by 12 states and businesses for "overreach," with both lower courts ruling against the government. At the Supreme Court hearing on November 5, a majority of justices (including conservatives) questioned whether the policy infringed on Congress's taxing power, significantly increasing the risk of losing. If the final ruling is lost, the U.S. government may have to refund up to $1 trillion in tariffs, leading to significant shocks to federal finances.

The "second plan" mentioned by Trump has a clear direction: it intends to invoke provisions of the Trade Act of 1974, imposing a maximum tariff of 15%, but complex congressional procedures must be followed. This means that even if he loses, the tariff stick is not being withdrawn, only replaced with a legal facade. It is worth noting that currently, the U.S. and China have temporarily eased tariff frictions, with the U.S. recently extending the suspension period for tariffs on China, and this judicial game may disrupt the existing economic and trade balance.

This judicial review, lasting several months, will not only determine the fate of Trump's trade policy but also reshape the boundaries of presidential power in the United States. Global companies are closely watching the ruling outcome: a win would exacerbate trade uncertainty, while a loss could trigger a wave of tax refunds from importers. Regardless of the outcome, Trump's tariff game is far from over, and the turbulence in global supply chains will continue. #币安HODLer空投SAPIEN #美国ADP数据超预期 #隐私币生态普涨 #币安HODLer空投MMT $BTC $ETH $BNB #加密市场回调