# SupremeCourtOverturnsTrump'sTariffs

After the U.S. Supreme Court overturned the tariffs implemented by Trump under the Emergency Economic Powers Act, major Wall Street investment banks believe that this ruling has limited actual impact on the economy and markets, but it creates space for a more moderate shift in tariff policies in the second half of the year, while potentially spurring a voter rebate plan worth up to $120 billion. Analyses from Goldman Sachs and Morgan Stanley show that the effective tariff rate has only decreased slightly by about 1 percentage point, and inflation transmission has essentially been completed, while tariffs expiring after July will force the government to take more exemptions.
According to CCTV News, on the 20th, the U.S. Supreme Court ruled that the U.S. government's large-scale tariff policy was "overreach." The Supreme Court, in a 6-3 vote, ruled that the tariffs imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA) were unconstitutional. According to CCTV, on the 21st, Trump announced that the newly imposed "global import tariffs" rate would be increased from 10% to 15%. These tariffs will continue until July