Last mentioned: 2d ago
Industry Response
Consultancies like Wipfli begin advising retail clients on duty recovery and supply chain auditing strategies.
SCOTUS Ruling
The Supreme Court issues its decision limiting the scope of IEEPA, specifically excluding tariff authority.
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.