The US Supreme Court on Friday struck down Trump's broad tariffs imposed under a national emergency law as illegal. US tariff rates have climbed to their highest level in eight decades. Yet in 2025, the US goods trade deficit surged to $1.24 trillion, the highest ever recorded. High tariffs have not led to a return of manufacturing or jobs to the US. So what's really going on? CGTN's Zhu Zhu explains.