International Emergency Economic Powers Act

“Trump should go to Congress”: Indian-born lawyer Neal Katyal talks about 15% global tariff increase

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Cricket in L1

Neal Katyal, an Indian-American lawyer who spearheaded the U.S. Supreme Court ruling overturning President Trump’s reciprocal tariffs, challenged President Trump’s decision to impose 15% global tariffs, arguing that full levies should be approved by Congress rather than implemented through executive action. US President Donald Trump increased tariffs from 10% to 15%. (Bloomberg) ALSO READ | … Read more

A toy company behind a lawsuit upending Trump’s tariff plan

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Cricket in L1

A legal gamble by a small Illinois toy maker has culminated in a ruling that could reshape President Donald Trump’s tariff policy and potentially lead to billions of dollars in refunds for U.S. importers. Court battle over learning resources exposes limits of Trump’s tariff powers A court on Friday struck down sweeping tariffs imposed by … Read more

‘It’s time to pay the price’: Newsom praises Supreme Court tariff ruling, asks Trump to refund Americans’ money

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'It's time to pay the price': Newsom praises Supreme Court tariff ruling, asks Trump to refund Americans' money

The U.S. Supreme Court’s 6-3 decision struck down sweeping global tariffs imposed under emergency powers, finding the president exceeded his legal authority by bypassing Congress, a major setback for President Donald Trump’s trade policies.The court ruled in the majority opinion that the International Emergency Economic Powers Act (IEEPA) does not give the president the power … Read more

What is IEEPA? The heart of Trump’s Liberation Day tariffs is law

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Cricket in L1

The U.S. Supreme Court ruled 6-3 that the International Emergency Economic Powers Act (IEEPA) does not give the president the power to impose tariffs. The case focuses on tariffs pushed by President Donald Trump, Reuters reported. What is IIEPA? Supreme Court limits presidential tariff powers (AP) What is IEEPA? The International Emergency Economic Powers Act … Read more