Last mentioned: 2d ago
Refund Litigation Begins
The Trump administration signals intent to litigate the refund process despite the ruling.
Industry Response
Consultancies like Wipfli begin advising retail clients on duty recovery and supply chain auditing strategies.
SCOTUS Ruling Issued
Supreme Court declares IEEPA tariffs unlawful and unconstitutional in a 6-3 vote.
SCOTUS Ruling
The Supreme Court issues its decision limiting the scope of IEEPA, specifically excluding tariff authority.
IEEPA Tariffs Imposed
President Trump implements reciprocal and drug-trafficking tariffs via executive order.
Expanded Usage
Successive administrations increasingly utilize IEEPA for broad trade and economic restrictions.
IEEPA Enacted
Congress passes the International Emergency Economic Powers Act to grant the President emergency economic authority.
The U.S. Supreme Court has ruled that the President lacks the authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA). This landmark decision restricts executive trade powers, offering a significant reprieve and increased cost predictability for the retail and e-commerce sectors.
The U.S. Supreme Court has ruled 6-3 that the International Emergency Economic Powers Act does not grant the President authority to impose tariffs, invalidating billions in duties. This landmark decision opens a complex legal battle for an estimated $175 billion in refunds, impacting retailers and e-commerce platforms nationwide.