Trump Calls on U.S. Supreme Court: The President Has the Right to Impose Tariffs
Jinse Finance reported that Trump posted on social media: "So, let's get this straight? The President of the United States has the authority (and has received full approval from Congress) to completely ban trade with a foreign country (which is much harsher than imposing tariffs!), has the authority to approve a foreign country entering our market, but does not have the authority to simply impose tariffs on a foreign country, even for national security reasons. This is not what our great Founding Fathers intended! The whole thing is utterly ridiculous! Other countries can impose tariffs on us, but we can't impose tariffs on them??? This is their dream! The reason why businesses are flocking to the United States is precisely because tariffs exist. Has the U.S. Supreme Court not been informed of these circumstances? What on earth is going on???"
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
