Tariff and Tax Policy Developments: IEEPA and Higher Steel Tariffs
On May 28, 2025, the Court of International Trade (CIT) ruled unanimously to end President Trump’s International Emergency Economic Powers Act (IEEPA) tariffs. The three-judge panel found IEEPA did not grant unbound authority to tax imports from nearly every country around the world. No president had tried to use 1977’s IEEPA for tariffs perhaps because […]
