Trump wrote on his post today: "I am very honored to have just signed an order in the White House Oval Office imposing a 10% global tariff on all countries, which will take effect immediately. Thank you for your attention!"
President Donald J. Trump
This new tariff executive order was actually an emergency response to a court ruling earlier that day.
The U.S. Supreme Court ruled that Trump's previous large-scale tariffs, implemented under the International Emergency Economic Powers Act, lacked legal authority and were illegal.
To bypass the ruling, the new policy now relies on Section 122 of the Trade Act of 1974. This provision allows the president to impose comprehensive tariffs within 150 days, and if the duration is extended, it requires congressional approval.
Key points about the new tariff:
Tariff range: An additional 10% tariff will be imposed on all countries on top of existing regular tariffs.
Effective time: Trump said "it will take effect immediately," but the specific implementation may still require a short buffer period (reports suggest about three days).
Controversy focus: Since the old tariff was deemed illegal, the over $175 billion in tariffs already collected may face refunds. Trump has acknowledged that this could lead to a years-long legal battle.
Trump is literally rubbing the Supreme Court judges' faces in the ground. What is law? Trump believes what is useful is law, and he thinks what is not useful is just paper. This is an open challenge to the American judicial system. One thing I don't understand is, does he have no sense of reverence at all?
It must be said that Trump is playing with fire. Such actions are equivalent to gambling with his political life, and the consequences could be severe.
Original: toutiao.com/article/1857707003912204/
Statement: The article represents the personal views of the author.