(The Daily Breeze)—On Wednesday, the Court of International Trade ruled that President Donald Trump exceeded his authority under the International Emergency Economic Powers Act of 1977 to impose taxes on goods around the world.
The 1977 law empowers the president to “deal with any unusual and extraordinary threat . . . to the national security, foreign policy, or economy of the United States.”
As noted by National Review, “Before the Trump administration, the IEEPA had never been used to authorize tariffs through presidential action. The IEEPA allows the president to take emergency action on foreign threats to the U.S., including sanctions and asset freezes, but says nothing on tariffs specifically.”…
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