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commerce
shāng yè
商业
·HSK 6

Trump (U.S. President)
Tèlǎngpǔ
特朗普
to invoke / to cite (legal authority)
yuányǐn
援引
《
Trade Act
Màoyì Fǎ
贸易法
》
Section 122
dì yī bǎi èrshíèr tiáo
第一百二十二条
on / against
duì
对
all
suǒyǒu
所有
imported
jìnkǒu
进口
goods
shāngpǐn
商品
to levy / to impose
zhēngshōu
征收
10 percent
bǎifēnzhī shí
百分之十
tariff
guānshuì
关税
。

Trump
Tèlǎngpǔ
特朗普
government
zhèngfǔ
政府
after
zài
在
Supreme Court
zuìgāo fǎyuàn
最高法院
to overturn
tuīfān
推翻
《
International Emergency Economic Powers Act (IEEPA)
Guójì Jǐnjí Jīngjì Quánlì Fǎ
国际紧急经济权力法
》
tariff
guānshuì
关税
ruling
cáijué
裁决
after
hòu
后
,
on (date)
yú
于
February 24th
èr yuè èrshísì rì
二月二十四日
starting from
qǐ
起
on
duì
对
all
suǒyǒu
所有
imported
jìnkǒu
进口
goods
shāngpǐn
商品
to levy
zhēngshōu
征收
10 percent
bǎifēnzhī shí
百分之十
surcharge
fùjiāshuì
附加税
。
this move
cǐ jǔ
此举
already
yǐ
已
to trigger / to provoke
yǐnfā
引发
24 states
èrshísì gè zhōu
二十四个州
structural particle
de
的
judicial
sīfǎ
司法
challenge
tiǎozhàn
挑战
,
and / moreover
qiě
且
by law
yīfǎ
依法
will
jiāng
将
after
yú
于
150 days
yī bǎi wǔshí tiān
一百五十天
after
hòu
后
automatically
zìdòng
自动
to expire / to lapse
shīxiào
失效
,
unless
chúfēi
除非
Congress
guóhuì
国会
to grant / to give
yǔyǐ
予以
extension
yánqī
延期
。

February 24, 2026 at 2:00 PM

United States
Měiguó
美国
Supreme Court
zuìgāo fǎyuàn
最高法院
on (date)
yú
于
February 20th
èr yuè èrshí rì
二月二十日
to rule / to adjudicate
cáidìng
裁定
,
president
zǒngtǒng
总统
has no authority
wú quán
无权
to invoke
yuányǐn
援引
《
International Emergency Economic Powers Act
Guójì Jǐnjí Jīngjì Quánlì Fǎ
国际紧急经济权力法
》
to levy
zhēngshōu
征收
tariffs
guānshuì
关税
,
to force / to compel
pòshǐ
迫使
Trump
Tèlǎngpǔ
特朗普
government
zhèngfǔ
政府
to seek
xúnqiú
寻求
new
xīn de
新的
legal
fǎlǜ
法律
authorization
shòuquán
授权
。
several days later
shù tiān hòu
数天后
,
Trump
Tèlǎngpǔ
特朗普
president
zǒngtǒng
总统
to invoke
yuányǐn
援引
the year 1974
yī jiǔ qī sì nián
一九七四年
《
Trade Act
Màoyì Fǎ
贸易法
》
Section 122
dì yī bǎi èrshíèr tiáo
第一百二十二条
,
to sign
qiānshǔ
签署
on
duì
对
all
suǒyǒu
所有
imported
jìnkǒu
进口
goods
shāngpǐn
商品
to levy
zhēngshōu
征收
10 percent
bǎifēnzhī shí
百分之十
import surcharge
fùjiāshuì
附加税
structural particle
de
的
presidential proclamation
zǒngtǒng lìng
总统令
,
the tax
gāi shuì
该税
on
yú
于
February 24th
èr yuè èrshísì rì
二月二十四日
formally
zhèngshì
正式
to take effect
shēngxiào
生效
。
Section 122
dì yī bǎi èrshíèr tiáo
第一百二十二条
to authorize
shòuquán
授权
the president
zǒngtǒng
总统
within
zài
在
not exceeding
bù chāoguò
不超过
150 days
yī bǎi wǔshí tiān
一百五十天
within
nèi
内
to levy
zhēngshōu
征收
up to
zuìgāo
最高
15 percent
bǎifēnzhī shíwǔ
百分之十五
structural particle
de
的
tariff
guānshuì
关税
,
beyond the time limit
chāoqī
超期
must / requires
xū
须
through
jīng
经
Congress
guóhuì
国会
to approve
pīzhǔn
批准
only then may
fāng kě
方可
to extend
yánxù
延续
。
this round of
cǐ cì
此次
surcharge
fùjiāshuì
附加税
to exempt
huòmiǎn
豁免
completed action particle
le
了
compliant with
fúhé
符合
《
USMCA (United States-Mexico-Canada Agreement)
Měi Mò Jiā Xiédìng
美墨加协定
》
structural particle
de
的
Canada
Jiānádà
加拿大
and
hé
和
Mexico
Mòxīgē
墨西哥
goods
shāngpǐn
商品
,
as well as
yǐjí
以及
energy
néngyuán
能源
、
critical minerals
guānjiàn kuàngchǎn
关键矿产
、
agricultural products
nóngchǎnpǐn
农产品
、
pharmaceuticals
zhìyào
制药
and
hé
和
electronic products
diànzǐ chǎnpǐn
电子产品
and other such
děng
等
categories
lèibié
类别
。
Trump
Tèlǎngpǔ
特朗普
subsequently
cǐhòu
此后
to announce
xuānbù
宣布
plan
jìhuà
计划
will
jiāng
将
tax rate
shuìlǜ
税率
to raise
tígāo
提高
to
zhì
至
15 percent
bǎifēnzhī shíwǔ
百分之十五
,
but
dàn
但
as of
jiézhì
截至
early March
sān yuè chū
三月初
not yet
shàng wèi
尚未
to issue
fābù
发布
formal / official
zhèngshì
正式
executive order
xíngzhèng lìng
行政令
。
March 5th
sān yuè wǔ rì
三月五日
,
24 states
èrshísì gè zhōu
二十四个州
jointly
liánhé
联合
to
xiàng
向
United States
Měiguó
美国
Court of International Trade
Guójì Màoyì Fǎyuàn
国际贸易法院
to file
tíqǐ
提起
lawsuit
sùsòng
诉讼
,
to demand
yāoqiú
要求
to stop / to halt
tíngzhǐ
停止
to enforce
zhíxíng
执行
this set of
zhè pī
这批
tariffs
guānshuì
关税
。
Yale University
Yēlǔ Dàxué
耶鲁大学
Budget Lab
yùsuàn shíyànshì
预算实验室
data
shùjù
数据
to show / to indicate
xiǎnshì
显示
,
Trump
Tèlǎngpǔ
特朗普
since taking office
zhízhèng yǐlái
执政以来
structural particle
de
的
tariff
guānshuì
关税
measures
cuòshī
措施
is
shì
是
since 1993
yī jiǔ jiǔ sān nián yǐlái
一九九三年以来
the United States
Měiguó
美国
largest-scale
zuìdà guīmó
最大规模
structural particle
de
的
tax increase
zēng shuì
增税
action
xíngdòng
行动
,
projected to
yùjì
预计
to cause
shǐ
使
each household
měi hù jiātíng
每户家庭
on average
píngjūn
平均
to add
zēngjiā
增加
approximately
yuē
约
$1,500
yī qiān wǔ bǎi měiyuán
一千五百美元
financial burden
fùdān
负担
。
analysts
fēnxī rénshì
分析人士
to point out
zhǐchū
指出
,
under
zài
在
judicial
sīfǎ
司法
challenge
tiǎozhàn
挑战
and
hé
和
Congress
guóhuì
国会
authorization
shòuquán
授权
dual
shuāngchóng
双重
constraint
yuēshù
约束
under
xià
下
,
new round of
xīn yī lún
新一轮
tariff
guānshuì
关税
policy
zhèngcè
政策
structural particle
de
的
long-term
chángqī
长期
direction / trajectory
zǒuxiàng
走向
still
réng
仍
to present
cúnzài
存在
significant / major
zhòngdà
重大
uncertainty
bù quèdìngxìng
不确定性
。

New Words

zuìgāo fǎyuàn
最高法院
Supreme Court
zǒngtǒng
总统
president
guānshuì
关税
tariff
màoyì fǎ
贸易法
Trade Act
fùjiāshuì
附加税
surcharge
huòmiǎn
豁免
to exempt
guóhuì
国会
Congress
sùsòng
诉讼
lawsuit
shuìlǜ
税率
tax rate
bù quèdìngxìng
不确定性
uncertainty

News in English

Business

Trump Invokes Section 122 of the Trade Act to Impose 10 Percent Tariff on All Imports

After the Supreme Court struck down tariffs imposed under IEEPA, the Trump administration imposed a 10 percent surcharge on all imports starting February 24 under Section 122 of the Trade Act of 1974. The move has triggered a legal challenge from 24 states and will automatically expire after 150 days unless extended by Congress.

The United States Supreme Court ruled on February 20th that the president has no authority to invoke the International Emergency Economic Powers Act to levy tariffs, forcing the Trump government to seek new legal authorization.

Several days later, President Trump invoked Section 122 of the 1974 Trade Act, signing a presidential proclamation imposing a 10 percent surcharge on all imported goods, which formally took effect on February 24th.

Section 122 authorizes the president to levy up to 15 percent tariffs within no more than 150 days, with extension beyond that period requiring Congressional approval.

This surcharge exempted goods from Canada and Mexico compliant with the USMCA, as well as energy, critical minerals, agricultural products, pharmaceuticals, and electronic products.

Trump subsequently announced plans to raise the tariff rate to 15 percent, but as of early March had not yet issued a formal executive order.

On March 5th, 24 states jointly filed a lawsuit against the US Court of International Trade, demanding to stop enforcement of these tariffs.

Yale University's Budget Lab data shows Trump's tariff measures since taking office represent the largest tax increase in the United States since 1993, projected to add approximately $1,500 average financial burden per household.

Analysts pointed out that under dual judicial and Congressional authorization constraints, the long-term direction of new tariff policy still presents major uncertainty.

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réngōng zhìnéng
人工智能
revenue / income
shōurù
收入
prospects / outlook
qiánjǐng
前景
to trigger / to cause
yǐnfā
引发
doubts / questions
yíwèn
疑问
,
semiconductor
bàndǎotǐ
半导体
stock price
gǔjià
股价
from
cóng
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October
shí yuè
十月
peak / high point
gāodiǎn
高点
to retreat / to fall back
huíluò
回落
。

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United States
Měiguó
美国
stock market
gǔshì
股市
Friday
zhōuwǔ
周五
strongly / with force
qiángshì
强势
to rebound / to rally
fǎntán
反弹
,
Dow Jones Index
Dào Zhǐ
道指
gained more than
zhǎng chāo
涨超
400 points
400 diǎn
400点
,
to end / to conclude
jiéshù
结束
volatile / turbulent
dòngdàng
动荡
(particle)
de
的
one week
yī zhōu
一周
。

US Stocks Cap Volatile Week With Strong Friday Rally as Dow Gains Over 400 Points

international
guójì
国际
oil prices
yóujià
油价
to maintain / to sustain
wéichí
维持
high level / elevated level
gāowèi
高位
,
Nasdaq (stock exchange)
Nàsīdákè
纳斯达克
index
zhǐshù
指数
Thursday
zhōusì
周四
to close lower / to finish down
shōu diē
收跌
1.3 percent
bǎifēnzhī yī diǎn sān
1.3%
。

Nasdaq Slides 1.3 Percent as Brent Oil Holds Above 100 Dollars

OPEC
Ōu pèi kè
欧佩克
to announce
xuān bù
宣布
November
shí yī yuè
十一月
oil / petroleum
shí yóu
石油
output / production
chǎn liàng
产量
to maintain / to keep
bǎo chí
保持
unchanged
bù biàn
不变
。

OPEC Announces November Oil Output to Remain Unchanged