China News Service reported on February 25 that the U.S. Supreme Court announced its ruling on the 20th, finding that the U.S. International Emergency Economic Powers Act did not authorize the president to impose large-scale tariffs. Subsequently, U.S. President Trump announced an additional 15% tariff on goods from all countries and regions, causing widespread concern. Many US media pointed out that the new tariff measures will not only drag down the Republican Party's election, but will further increase the uncertainty of business operations and increase the burden on consumers.
The Wall Street Journal recently published an article titled "The Endless Chaos of Trump's Tariffs," stating that although Trump's move is intended to counterattack the Supreme Court, it will ultimately be the U.S. economy and Republicans in Congress who will be negatively affected.
Commentary analysis said that the new tariff measures will further increase the uncertainty of business operations, at least in the short term. As the U.S. midterm elections approach, and against the background of people's deep anxiety about the cost of living, the Trump administration's expansion of tariffs at this time will undoubtedly make the Republican Party's electoral situation worse.
The Wall Street Journal pointed out in another report that although the Trump administration’s recent tariff increases have not had as strong an impact on the U.S. economy as expected, the resulting costs have fallen on ordinary consumers. Data from the Federal Reserve Bank of New York shows that for most of 2025, U.S. companies and consumers have borne more than 90% of the costs of Trump’s tariffs.
The media quoted analysis from Gary Clyde Hufbauer, an economist at the Peterson Institute for International Economics, saying that in the face of tariff barriers that may exist for a long time, some companies choose to raise prices to pass the burden on to consumers; others postpone investment and hiring plans.
Hufbauer emphasized: "The overall uncertainty of tariff policy is indeed not conducive to employment or investment in the real economy, and the temptation to postpone business decisions will be very great." This means that no matter how companies respond, consumers will inevitably be the party to bear the consequences.
According to an analysis by the Associated Press, although the U.S. Supreme Court rejected the Trump administration’s emergency tariff policy, the move was unable to eliminate the trade policy uncertainty that has put companies in deep trouble over the past year.
Mike Scodeles, head of U.S. economics at Bank of China, further analyzed that although the Supreme Court's ruling may theoretically bring a small boost to the economy by lowering tariffs, "any benefits arising from it will be completely offset by the slight negative effects caused by uncertainty."
