{"id":78619,"date":"2026-05-08T09:07:35","date_gmt":"2026-05-08T02:07:35","guid":{"rendered":"https:\/\/hbbgroup.net\/us-trade-court-rules-trumps-10-global-tariff-is-illegal-reuters\/"},"modified":"2026-05-08T09:42:48","modified_gmt":"2026-05-08T02:42:48","slug":"toa-an-thuong-mai-my-phan-quyet-muc-thue-toan-cau-10-cua-trump-la-bat-hop-phap-reuters","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/toa-an-thuong-mai-my-phan-quyet-muc-thue-toan-cau-10-cua-trump-la-bat-hop-phap-reuters\/","title":{"rendered":"T\u00f2a \u00e1n Th\u01b0\u01a1ng m\u1ea1i M\u1ef9 ph\u00e1n quy\u1ebft m\u1ee9c thu\u1ebf to\u00e0n c\u1ea7u 10% c\u1ee7a Trump l\u00e0 b\u1ea5t h\u1ee3p ph\u00e1p \u2014 Reuters"},"content":{"rendered":"<div id=\"post-content-section\">\n<p>M\u1ed9t t\u00f2a \u00e1n th\u01b0\u01a1ng m\u1ea1i M\u1ef9 \u0111\u00e3 ra ph\u00e1n quy\u1ebft ch\u1ed1ng l\u1ea1i m\u1ee9c thu\u1ebf to\u00e0n c\u1ea7u 10% m\u1edbi nh\u1ea5t c\u1ee7a T\u1ed5ng th\u1ed1ng M\u1ef9 Donald Trump, cho r\u1eb1ng m\u1ee9c thu\u1ebf n\u00e0y kh\u00f4ng \u0111\u01b0\u1ee3c bi\u1ec7n minh theo lu\u1eadt th\u01b0\u01a1ng m\u1ea1i t\u1eeb th\u1eadp ni\u00ean 1970. Tuy nhi\u00ean, theo Reuters \u0111\u01b0a tin h\u00f4m th\u1ee9 N\u0103m, t\u00f2a \u00e1n ch\u1ec9 ch\u1eb7n vi\u1ec7c \u00e1p thu\u1ebf \u0111\u1ed1i v\u1edbi hai doanh nghi\u1ec7p nh\u1ecf v\u00e0 bang Washington.<\/p>\n<p>T\u00f2a \u00e1n cho r\u1eb1ng vi\u1ec7c Trump \u00e1p d\u1ee5ng c\u00e1c m\u1ee9c thu\u1ebf theo M\u1ee5c 122 c\u1ee7a \u0110\u1ea1o lu\u1eadt Th\u01b0\u01a1ng m\u1ea1i n\u0103m 1974 l\u00e0 kh\u00f4ng ph\u00f9 h\u1ee3p. M\u1ed9t trong c\u00e1c th\u1ea9m ph\u00e1n nh\u1eadn \u0111\u1ecbnh r\u1eb1ng c\u00f2n qu\u00e1 s\u1edbm \u0111\u1ec3 tuy\u00ean b\u1ed1 b\u00ean nguy\u00ean \u0111\u01a1n gi\u00e0nh chi\u1ebfn th\u1eafng ho\u00e0n to\u00e0n.<\/p>\n<h3>Ph\u1ea3n \u1ee9ng th\u1ecb tr\u01b0\u1eddng<\/h3>\n<p>T\u1ea1i th\u1eddi \u0111i\u1ec3m vi\u1ebft b\u00e0i, Ch\u1ec9 s\u1ed1 Dollar Index (DXY) gi\u1ea3m 0,03% trong ng\u00e0y xu\u1ed1ng c\u00f2n 98.25.<\/p>\n<h4>C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p v\u1ec1 \u0111\u1ed3ng USD<\/h4>\n<p>\u0110\u1ed3ng USD l\u00e0 \u0111\u1ed3ng ti\u1ec1n ch\u00ednh th\u1ee9c c\u1ee7a H\u1ee3p ch\u1ee7ng qu\u1ed1c Hoa K\u1ef3 v\u00e0 l\u00e0 \u0111\u1ed3ng ti\u1ec1n \u201cde facto\u201d c\u1ee7a nhi\u1ec1u qu\u1ed1c gia kh\u00e1c, n\u01a1i n\u00f3 \u0111\u01b0\u1ee3c l\u01b0u h\u00e0nh song song v\u1edbi ti\u1ec1n t\u1ec7 n\u1ed9i \u0111\u1ecba. \u0110\u00e2y l\u00e0 \u0111\u1ed3ng ti\u1ec1n \u0111\u01b0\u1ee3c giao d\u1ecbch nhi\u1ec1u nh\u1ea5t th\u1ebf gi\u1edbi, chi\u1ebfm h\u01a1n 88% t\u1ed5ng kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch ngo\u1ea1i h\u1ed1i to\u00e0n c\u1ea7u, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng kho\u1ea3ng 6,6 ngh\u00ecn t\u1ef7 USD giao d\u1ecbch m\u1ed7i ng\u00e0y theo d\u1eef li\u1ec7u n\u0103m 2022. Sau Th\u1ebf chi\u1ebfn th\u1ee9 hai, USD thay th\u1ebf B\u1ea3ng Anh tr\u1edf th\u00e0nh \u0111\u1ed3ng ti\u1ec1n d\u1ef1 tr\u1eef to\u00e0n c\u1ea7u. Trong ph\u1ea7n l\u1edbn l\u1ecbch s\u1eed, USD \u0111\u01b0\u1ee3c b\u1ea3o ch\u1ee9ng b\u1eb1ng v\u00e0ng cho t\u1edbi khi Hi\u1ec7p \u0111\u1ecbnh Bretton Woods ch\u1ea5m d\u1ee9t ch\u1ebf \u0111\u1ed9 b\u1ea3n v\u1ecb v\u00e0ng v\u00e0o n\u0103m 1971.<\/p>\n<p>Y\u1ebfu t\u1ed1 quan tr\u1ecdng nh\u1ea5t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 tr\u1ecb c\u1ee7a \u0111\u1ed3ng USD l\u00e0 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 do C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) \u0111i\u1ec1u h\u00e0nh. Fed c\u00f3 hai nhi\u1ec7m v\u1ee5 ch\u00ednh: duy tr\u00ec \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3 (ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t) v\u00e0 th\u00fac \u0111\u1ea9y vi\u1ec7c l\u00e0m t\u1ed1i \u0111a. C\u00f4ng c\u1ee5 ch\u00ednh \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c hai m\u1ee5c ti\u00eau n\u00e0y l\u00e0 \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t. Khi l\u1ea1m ph\u00e1t t\u0103ng qu\u00e1 nhanh v\u00e0 v\u01b0\u1ee3t m\u1ee5c ti\u00eau 2% c\u1ee7a Fed, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng s\u1ebd n\u00e2ng l\u00e3i su\u1ea5t, \u0111i\u1ec1u n\u00e0y th\u01b0\u1eddng h\u1ed7 tr\u1ee3 USD t\u0103ng gi\u00e1. Ng\u01b0\u1ee3c l\u1ea1i, khi l\u1ea1m ph\u00e1t xu\u1ed1ng d\u01b0\u1edbi 2% ho\u1eb7c t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p qu\u00e1 cao, Fed c\u00f3 th\u1ec3 h\u1ea1 l\u00e3i su\u1ea5t, qua \u0111\u00f3 g\u00e2y \u00e1p l\u1ef1c gi\u1ea3m l\u00ean \u0111\u1ed3ng b\u1ea1c xanh.<\/p>\n<p>Trong c\u00e1c t\u00ecnh hu\u1ed1ng c\u1ef1c \u0111oan, Fed c\u0169ng c\u00f3 th\u1ec3 in th\u00eam USD v\u00e0 tri\u1ec3n khai n\u1edbi l\u1ecfng \u0111\u1ecbnh l\u01b0\u1ee3ng (QE). QE l\u00e0 qu\u00e1 tr\u00ecnh Fed gia t\u0103ng m\u1ea1nh d\u00f2ng t\u00edn d\u1ee5ng trong h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh \u0111ang b\u1ecb \u0111\u00ecnh tr\u1ec7. \u0110\u00e2y l\u00e0 c\u00f4ng c\u1ee5 ch\u00ednh s\u00e1ch phi truy\u1ec1n th\u1ed1ng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng khi t\u00edn d\u1ee5ng c\u1ea1n ki\u1ec7t do c\u00e1c ng\u00e2n h\u00e0ng kh\u00f4ng mu\u1ed1n cho nhau vay v\u00ec lo ng\u1ea1i r\u1ee7i ro v\u1ee1 n\u1ee3 \u0111\u1ed1i t\u00e1c. \u0110\u00e2y l\u00e0 bi\u1ec7n ph\u00e1p cu\u1ed1i c\u00f9ng khi vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t kh\u00f4ng c\u00f2n \u0111\u1ee7 hi\u1ec7u qu\u1ea3. QE t\u1eebng l\u00e0 c\u00f4ng c\u1ee5 ch\u1ee7 ch\u1ed1t Fed s\u1eed d\u1ee5ng \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u n\u0103m 2008. Qu\u00e1 tr\u00ecnh n\u00e0y bao g\u1ed3m vi\u1ec7c Fed in th\u00eam USD v\u00e0 s\u1eed d\u1ee5ng s\u1ed1 ti\u1ec1n \u0111\u00f3 \u0111\u1ec3 mua tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 M\u1ef9 ch\u1ee7 y\u1ebfu t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh. QE th\u01b0\u1eddng khi\u1ebfn USD suy y\u1ebfu.<\/p>\n<p>Th\u1eaft ch\u1eb7t \u0111\u1ecbnh l\u01b0\u1ee3ng (QT) l\u00e0 qu\u00e1 tr\u00ecnh ng\u01b0\u1ee3c l\u1ea1i, khi Fed ng\u1eebng mua tr\u00e1i phi\u1ebfu t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh v\u00e0 kh\u00f4ng t\u00e1i \u0111\u1ea7u t\u01b0 s\u1ed1 ti\u1ec1n g\u1ed1c t\u1eeb c\u00e1c tr\u00e1i phi\u1ebfu \u0111\u00e1o h\u1ea1n v\u00e0o c\u00e1c kho\u1ea3n mua m\u1edbi. QT th\u01b0\u1eddng mang t\u00ednh t\u00edch c\u1ef1c \u0111\u1ed1i v\u1edbi \u0111\u1ed3ng USD.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>M\u1ed9t t\u00f2a \u00e1n th\u01b0\u01a1ng m\u1ea1i M\u1ef9 \u0111\u00e3 ra ph\u00e1n quy\u1ebft ch\u1ed1ng l\u1ea1i m\u1ee9c thu\u1ebf to\u00e0n c\u1ea7u 10% m\u1edbi nh\u1ea5t c\u1ee7a [&hellip;]<\/p>","protected":false},"author":5,"featured_media":78620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-78619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/78619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=78619"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/78619\/revisions"}],"predecessor-version":[{"id":78814,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/78619\/revisions\/78814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/78620"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=78619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=78619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=78619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}