IEEPA Tariffs On Hold Following Court Ruling
Source: SeekingAlpha
2025-05-31 02:10:00 ET
Summary
- The US Court of International Trade has rejected the Trump administration’s use of the International Economic Emergency Powers Act to apply the Worldwide, Retaliatory and Trafficking tariff plans.
- The CIT ruled the Executive Orders enacting the tariffs are declared to be invalid as they exceed the authority of the president to regulate importation by means of tariffs.
- With regard to the overall impact on supply chains, the US administration still has other channels to increase import costs, so businesses may still not have enough certainty to plan their investments and production.
The US Court of International Trade (CIT) has rejected the Trump administration’s use of the International Economic Emergency Powers Act to apply the “Worldwide,” “Retaliatory” (CIT definition) and “Trafficking” tariff plans. The CIT ruled the Executive Orders enacting the tariffs “are declared to be invalid” as they “exceed the authority of the president to regulate importation by means of tariffs.”...
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IEEPA Tariffs On Hold Following Court Ruling
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