International Emergency Economic Powers Act (IEEPA)

Technology

Last mentioned: 7h ago

Timeline

  1. Trade Investigations

    The administration conducts probes into unfair trade practices to justify permanent duties.

  2. Tariff Implementation

    A 10% global tariff is enacted for a 150-day temporary window.

  3. Implementation Date

    Scheduled start date for the new temporary 15% global import levy.

  4. Legislative Vote

    Scheduled European Parliament vote on the trade deal faces potential postponement.

  5. EU Response

    European Commission demands clarity and warns of market disruption.

  6. Tariff Hike

    Trump announces a temporary 15% global import duty despite the court ruling.

  7. CBP Collection Halt

    Customs and Border Protection must cease collection of duties imposed solely under IEEPA authority.

  8. New Executive Order

    President Trump signs an order for a 10% global tariff under Section 122 of the Trade Act of 1974.

  9. SCOTUS Ruling

    The Supreme Court issues a landmark judgment declaring the tariffs unconstitutional and a violation of the separation of powers.

  10. Section 122 Pivot

    Trump announces new 15% global tariff using the 1974 Trade Act balance-of-payments provision.

  11. Supreme Court Ruling

    SCOTUS rules that the use of IEEPA for broad tariff campaigns is illegal.

  12. Final Decision

    SCOTUS rules 6-3 to limit unilateral executive tariff authority.

  13. SCOTUS Final Decision

    The Supreme Court issues its 6-3 ruling in Learning Resources, Inc. v. Trump, invalidating the tariffs.

  14. Supreme Court Ruling

    A 6-3 majority strikes down global tariffs based on the IEEPA.

  15. Presidential Response

    Trump holds news conference denouncing the court and announcing a pivot to the 1962 Act.

  16. SCOTUS Ruling Issued

    The Supreme Court strikes down the use of IEEPA for broad-based tariffs in a 6-3 decision.

  17. Executive Response

    VP JD Vance criticizes the court on social media, calling the decision an act of lawlessness.

  18. SCOTUS Ruling

    Supreme Court strikes down IEEPA-based global tariffs as unconstitutional overreach.

  19. CIT Preliminary Ruling

    In AGS Co. Auto. Sols. v. U.S. Customs, DOJ indicates it would not oppose refunds if tariffs are found unlawful.

  20. SCOTUS Certiorari

    Supreme Court agrees to hear the case to address the scope of IEEPA.

Stories mentioning International Emergency Economic Powers Act (IEEPA) 8

Regulation Bearish

EU Demands US Honor Trade Deal After Supreme Court IEEPA Ruling

The European Commission is demanding clarity from Washington after President Trump imposed a 15% global tariff hike immediately following a Supreme Court ruling that curtailed his trade powers. The move threatens a fragile year-old trade agreement and has prompted the European Parliament to consider freezing legislative work on the deal.

2 sources
Regulation Bearish

Trump Pivots to 1974 Trade Act After SCOTUS Strikes Down Global Tariffs

The US Supreme Court has invalidated the administration's use of emergency powers for global tariffs, prompting an immediate pivot to Section 122 of the 1974 Trade Act. This new strategy imposes a 15% temporary tariff on all imports, creating a high-stakes legal and compliance challenge for global trade partners.

5 sources
Court Decisions Bullish

SCOTUS Reclaims Taxing Power: Neal Katyal Overturns Trump’s Global Tariffs

The US Supreme Court has delivered a landmark ruling overturning President Trump’s sweeping tariffs, asserting that the executive branch cannot use emergency powers to bypass Congressional taxing authority. Led by former Acting Solicitor General Neal Katyal, the legal challenge successfully argued that the 1977 International Emergency Economic Powers Act does not grant the presidency unilateral control over trade levies.

2 sources
Court Decisions Bearish

SCOTUS Strikes Down IEEPA Tariffs; Trump Pivots to Trade Act Section 122

The U.S. Supreme Court ruled 6-3 that the executive branch exceeded its authority by using the International Emergency Economic Powers Act to impose broad tariffs. In a swift response, Vice President JD Vance condemned the decision while President Trump invoked Section 122 of the Trade Act of 1974 to implement a new 10% global tariff.

2 sources
Regulation Neutral

SCOTUS Strips Presidential Tariff Power Under IEEPA in Landmark 6-3 Ruling

The U.S. Supreme Court has ruled that the International Emergency Economic Powers Act (IEEPA) does not grant the President authority to impose tariffs, invalidating measures introduced in 2025. This decision reinforces Congressional taxing authority and opens the door for importers to seek billions of dollars in refunds for duties collected under the now-voided executive actions.

2 sources
Court Decisions Neutral

SCOTUS Tariff Ruling: Navigating the New Legal Landscape for Global Trade

A landmark Supreme Court ruling has redefined the boundaries of executive authority regarding international trade tariffs, signaling a shift toward stricter judicial oversight and legislative authorization. The decision creates a complex new compliance environment for multinational corporations and a surge in demand for sophisticated RegTech trade management solutions.

2 sources
Regulation Neutral

SCOTUS Curbs Presidential Tariff Authority in Landmark 6-3 Ruling

The U.S. Supreme Court has invalidated President Trump's use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose broad global tariffs. In a 6-3 decision, the court ruled that the executive branch exceeded its delegated authority, reasserting Congressional control over international trade policy.

2 sources