The US Federal Court of Appeals ruled recently that most of the tariffs imposed by US President Donald Trump as part of the trade wars are unlawful. However, the court decided that, for the time being, these tariffs will remain in effect. This is a landmark decision with potentially wide-ranging implications for the US and global economies, as well as for the balance of powers within the US federal government.

The International Emergency Economic Powers Act and the Federal Ruling

The ruling focuses on the administration’s use of the International Emergency Economic Powers Act (IEEPA) of 1977, which grants the President broad authority to impose sanctions during emergencies, including asset freezes, restrictions on financial transactions, and trade embargoes. The tariffs at issue, effecti

See Full Page