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Trade Court rules against Trump's tariff implementation, appeals court issues stay

by American Sportfishing Association 2 Jun 16:37 PDT
Trade Court rules against Trump's tariff implementation, appeals court issues stay © American Sportfishing Association

Last week, the U.S. Court of International Trade issued a unanimous decision that the Trump Administration's imposition of tariffs under the International Emergency Economic Powers Act ("IEEPA") exceeded the President's delegated authority under the law.

It effectively nullifies the collection of fentanyl-related tariffs against products of China; the fentanyl/immigration-related tariffs of 25% imposed against non-originating products of Canada; and the fentanyl/immigration-related tariffs of 25% imposed against non-originating products of Mexico.

Additionally, the decision also precludes the ongoing assessment and collection of reciprocal tariffs imposed on nearly all nations on "Liberation Day."

A day after the ruling, an Appeals Court issued a stay that allows the tariffs to remain in place while the issue works its way through the legal system.

Be sure to follow ASA's Trade & Commerce hub for the most up-to-date information.

Learn more here

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