.avif)
Legal Update – Supreme Court Rules Trump’s IEEPA Tariffs Unconstitutional
In a landmark ruling, the U.S. Supreme Court rejected President Trump’s sweeping tariffs, holding that the International Emergency Economic Powers Act1 (IEEPA) does not authorize the President to impose tariffs. The Court delivered its opinion on the consolidated cases of Learning Resources, Inc. v. Trump and V.O.S. Selections v. Trump and upheld the conclusion from lower court ruling that the Presidential power to impose tariffs exceeds the authority granted by the Congress under IEEPA, a 1977 statute traditionally used as an authority for the imposition of U.S. sanctions against particular jurisdictions as well as legal and natural persons. As a result of the Supreme Court’s ruling, U.S. importers could potentially collect refunds on excess tariffs paid, with reports suggesting over $175 billion having been paid in such additional tariffs.2
In a landmark ruling, the U.S. Supreme Court rejected President Trump’s sweeping tariffs, holding that the International Emergency Economic Powers Act1 (IEEPA) does not authorize the President to impose tariffs. The Court delivered its opinion on the consolidated cases of Learning Resources, Inc. v. Trump and V.O.S. Selections v. Trump and upheld the conclusion from lower court ruling that the Presidential power to impose tariffs exceeds the authority granted by the Congress under IEEPA, a 1977 statute traditionally used as an authority for the imposition of U.S. sanctions against particular jurisdictions as well as legal and natural persons. As a result of the Supreme Court’s ruling, U.S. importers could potentially collect refunds on excess tariffs paid, with reports suggesting over $175 billion having been paid in such additional tariffs.2
