Name: 美國最高法院駁回川普關稅！接下來會怎樣？ | DW News (SCOTUS says no to Trump's tariffs: What happens next? | DW News)
Uploaded: 2026-02-21T23:13:26.000Z
Duration: 7 min 2 s
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Donald Trump is imposing a new 10% global tariff on America's trading partners after the Supreme Court ruled most of his previous levies were illegal.

進階被動語態

Trump sharply criticised the 6:3 ruling and accused the Supreme Court of being swayed by foreign interests.

It was hard for Donald Trump to hide his anger.

The Supreme Court's ruling on tariffs is deeply disappointing and I'm ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what's right for our country.

Despite the Supreme Court's ruling that many of his tariffs should be struck down, the President immediately promised more.

Today I will sign an order to impose a 10% global tariff under section 122.

Over and above are normal tariffs already being charged?

Within hours, Trump had signed that new 10% tariff order, which will last for an initial 150 days.

Analysts warn uncertainty is now on the rise.

We went from a certain environment of having high tariffs to to having an uncertain environment of having lower tariffs.

So, you know, the market is trying to digest.

所以，你知道，市場正在試圖消化。

Is this actually good news right now, or are we just going to be getting tariff news here and there again, as we did last year?

這現在是個好消息，還是我們會像去年一樣，又聽到這裡那裡的關稅消息？

And that is one thing that investors do not like, is surprising news on policy that they don't expect.

這也是投資者不喜歡的一件事，就是政策上出乎意料的消息，是他們沒預料到的。

There's also another issue following the Supreme Court ruling.

最高法院的裁決之後，還有另一個問題。

Big billions of dollars in US tariff collections could be subject to potential refunds.

美國可能要退還數十億美元的關稅稅款。

The Supreme Court did not talk explicitly about the $175 billion in tariffs that could potentially be refunded.

最高法院並沒有明確談論可能退還的 1750 億美元關稅。

On the other hand, the ruling today clearly does open that door for those refunds to be demanded.

另一方面，今天的裁決顯然為要求退款打開了方便之門。

This ruling is a massive blow to Donald Trump's administration.

這項裁決對 Donald Trump 的政府來說是個沉重的打擊。

But the fallout is causing confusion not the US but across the entire global trade network.

但這場風波不僅在美國引起了混亂，也影響了整個全球貿易網絡。

We're joined now by Rebecca Christie, a senior fellow at the Brussels based economic policy think tank.

我們現在請到的是 Rebecca Christie，她是布魯塞爾經濟政策智庫的高級研究員。

With a little time to digest the decision and the reaction.

經過一點時間消化這項裁決和各方反應後。

The highest court in the land says no to these tariffs.

國內的最高法院駁回了這些關稅。

There is no expectation right now that the tariffs will actually go away.

目前並沒有預期這些關稅會真的取消。

Rather, the question is what rationale will the Trump administration use next?

反而，問題是 Trump 政府接下來會用什麼理由？

And how can businesses work in this environment, given that things are likely to be changing?

在這種情況下，企業該如何營運，因為事情很可能會不斷變化？

Trump says he's not giving up on the idea of charging non American companies access to this huge US market.

Trump 說他不會放棄向非美國企業收取進入美國這個龐大市場的費用。

As you read his next plan, as best you can interpret it, is he on safer ground, do you think, or are we likely just to be heading for more challenges and more of this conversation.

根據你對他下一步計畫的解讀，你認為他比較穩當，還是我們很可能會面臨更多挑戰和持續討論？

Well, it's interesting the difference between the rhetoric and the reality.

嗯，言論和現實之間的差異很有趣。

Because the US Companies that sell these goods are the ones paying the tariffs.

因為販售這些商品的美國公司才是支付關稅的一方。

It's not at all clear that refunds are on the table or ever will be.

目前一點也不清楚退稅是否可能，或者是否會發生。

And in the meantime, businesses have to decide how they're going to run things.

同時，企業必須決定他們要如何營運。

The tariffs are paid at the point when the goods cross into the US and they affect all sorts of things down the line.

關稅是在貨物進入美國時課徵，並且會影響到後續的各種事物。

The court decision did not strike down all of the tariffs that Trump has put in place since he started his second term.

法院的裁決並沒有駁回 Trump 自從他開始第二任期以來設置的所有關稅。

Ok, let's put a pin in the reimbursement issue and go to uncertainty because that's what at least we know we have uncertainty.

好的，我們先擱置退稅的問題，來談談不確定性，因為至少我們知道這方面存在不確定性。

What's been the reaction as best you can interpret it?

以你所能解釋的來看，有什麼樣的反應？

If one is certain and 10 is uncertain, where are we on this very unlearned scale that I put to you?

如果 1 代表確定，10 代表不確定，在你給我的這個很不嚴謹的量表上，我們在哪裡？

It's hard to quantify it because things are so uncertain.

很難量化，因為事情實在太不確定了。

The markets have priced in a fair amount of just chaos, frankly, when it comes to Trump administration policy.

I haven't seen a lot of incentive that this will move the needle.

At the same time, we saw Data that the U.S. economy slowed down in the fourth quarter.

And it's not at all clear that the growth the US has enjoyed despite the Trump administration's many disruptive policies, it's not at all clear that that is going to continue and that will be a much bigger problem than just the tariffs.

坦白說，就 Trump administration policy 來說，市場已經消化了不少混亂。

We've promised to go back to reimbursements and the possibility of those of all the interested parties, the U.S.

companies and the U.S. consumers who have already paid these tariffs.

我沒看到有什麼能真正改變局勢的誘因。

Rebecca, how likely is it that that they will be reimbursed?

同時，我們看到數據顯示美國經濟在第四季放緩。

We probably will see many lawsuits from companies as the policy evolves, particularly companies that may feel they had to pay these more than other parts of the economy.

隨著政策演變，我們可能會看到很多公司提起訴訟，特別是那些覺得自己比經濟其他部分負擔更多費用的公司。

Consumers probably won't see any of this.

To the extent that companies recoup any of their costs, they will say, oh, this makes up for lost customers.

如果公司要收回任何成本，他們會說，喔，這彌補了失去的客戶。

It's harder to bring prices down than it is to raise them.

所以消費者大概只能摸摸鼻子認了。

And of course, lawsuits are expensive, too.

So it's not at all clear there's money to be made here.

所以這裡根本不清楚有沒有錢可以賺。

It's more just a question of how do you react and cope with the damage?

這更像是一個問題，你該如何應對並處理損害？

You talked earlier about separating rhetoric from reality.

你之前談到要將言論和現實分開。

These the first attempt by Trump to impose these tariffs, he was promising more or less a gold mine for America.

這是川普首次嘗試實施這些關稅，他差不多承諾會為美國帶來一座金礦。

If he's forced to move away from this, is America missing out on a great fortune?

如果他被迫放棄，美國會錯失一筆巨額財富嗎？

A great fortune is probably overstating it, particularly because of the negative economic effects, particularly over time.

巨額財富可能有點誇大其詞了，特別是考慮到長期的負面經濟影響。

儘管如此，確實也產生了一些收入。

that would create a hole in the budget, particularly because the US doesn't have a very good handle on where to rein in spending right now.

這將會在預算上造成一個大洞，特別是美國現在不太清楚該在哪裡削減開支。

It's much easier to increase your budget deficit than it is to bring it back, particularly when you don't have the growth that's reliable.

增加預算赤字比將它縮減回來容易得多，尤其是在沒有可靠增長的情況下。

Rebecca Christie with the economic think tank Bruegel in Brussels, thanks so much for your time.

來自布魯塞爾智庫 Bruegel 的 Rebecca Christie，非常感謝妳的時間。