Golden Finance reported that US President Trump recently announced that the federal appeals court made a key ruling, determining that the United States can use tariff measures. Trump emphasized that this ruling is a major and significant victory for the United States.
For a long time, the tariff policy implemented by the Trump administration has been highly controversial and has previously faced many judicial challenges. Not long ago, the US Court of International Trade ruled that the Trump administration’s imposition of tariffs exceeded its authority and suspended its effectiveness. However, the Trump administration immediately announced that it would appeal against the ruling. The ruling of the federal appellate court this time undoubtedly injected a “strong heart stimulant” into Trump’s tariff strategy.
When elaborating on the impact of this ruling, Trump said that tariffs have always been an important bargaining chip for the United States in international trade negotiations. This ruling will give the United States a more solid legal basis and a stronger negotiating position in future international trade negotiations. He believes that tariffs can not only protect domestic industries in the United States, but also prompt other countries to make more concessions beneficial to the United States in trade agreements.
However, the tariff policy of the Trump administration was not supported by everyone. Many economists point out that over-reliance on tariffs may trigger a trade war, which in turn will have negative impacts on both the global economy and the US economy itself. Tesla CEO Elon Musk had previously stated on social media that Trump’s tariff policy would cause the US economy to fall into recession in the second half of this year. Some industry representatives also spoke out, claiming that tariffs have raised production costs for enterprises, compressed profit margins, and are not conducive to enhancing the competitiveness of American enterprises in the global market.
At present, both the market and the international community are closely monitoring the subsequent development of this ruling. Whether the trading partners of the United States will adjust their trade strategies with the United States due to this ruling, and how the Trump administration will further implement tariff policies with the support of the new ruling, these questions will all have a profound impact on the global trade pattern. Subsequently, we will also keep a close eye on the relevant developments and bring you the latest news.
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