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International Emergency Economic Powers Act

All articles tagged with #international emergency economic powers act

States sue to block Trump’s new tariffs after Supreme Court ruling
politics1 month ago

States sue to block Trump’s new tariffs after Supreme Court ruling

New York AG Letitia James and 23 other state attorneys general filed a lawsuit in the Court of International Trade to block President Trump’s latest global tariffs under Section 122 of the Trade Act of 1974 and seek refunds, arguing the tariffs violate the Constitution and require consistent application, a challenge that follows the Supreme Court’s ruling striking down the prior IEEPA-based tariffs and amid White House defenses of the policy.

via CNBC|
#international-emergency-economic-powers-act#letitia-james#politics
Supreme Court's Ruling Could Challenge Trump's Tariffs
jurisprudence5 months ago

Supreme Court's Ruling Could Challenge Trump's Tariffs

The Supreme Court examined challenges to Trump's 'Liberation Day' tariffs, revealing that these tariffs are essentially a tax on Americans and highlighting the economic and constitutional issues involved, including the president's broad power to impose tariffs under the IEEPA and the economic misconceptions surrounding trade deficits.

via Slate|
#international-emergency-economic-powers-act#jurisprudence#supreme-court
Trump Warns of Economic Chaos if Tariffs Are Struck Down by Courts
politics7 months ago

Trump Warns of Economic Chaos if Tariffs Are Struck Down by Courts

President Trump and his advisers are contesting a federal appeals court decision that invalidated many of his tariffs, arguing that losing the ability to impose tariffs under the International Emergency Economic Powers Act would harm the U.S. economy and military power. The administration plans to appeal to the Supreme Court, but a loss could lead to significant financial and diplomatic repercussions, including the potential need to refund billions in tariffs and the unraveling of trade deals.

via The New York Times|
#court-ruling#international-emergency-economic-powers-act#politics
Major Court Challenges Loom for Trump's Tariffs and Trade Policies
world8 months ago

Major Court Challenges Loom for Trump's Tariffs and Trade Policies

A federal appeals court is reviewing whether Trump's use of the International Emergency Economic Powers Act to impose tariffs is lawful, which could significantly impact his trade strategy, though it won't immediately stop new tariffs. The case involves questions about the legality of tariffs on various countries, including China, Mexico, and Canada, and could influence future trade agreements and legal avenues for imposing tariffs.

via CNN|
#international-emergency-economic-powers-act#legal-challenge#trade-policy
US Takes Action Against Iranian Military Procurement Network and Drone Industry.
national-security3 years ago

US Takes Action Against Iranian Military Procurement Network and Drone Industry.

The US Justice Department has unsealed two indictments charging multiple defendants with violating the Arms Export Control Act and the International Emergency Economic Powers Act for their roles in separate schemes to procure and export US technology to Iran between 2005 and 2013. The Department of Treasury’s Office of Foreign Assets Control designated three of the defendants and four entities for their involvement in the procurement of equipment that supports Iran’s ballistic missile and unmanned aerial vehicle and weapons programs.

via Department of Justice|
#arms-export-control-act#fbi#international-emergency-economic-powers-act