International Emergency Economic Powers Act

Technology

Last mentioned: Mar 13, 2026

Timeline

  1. Anticipated Appeal

    The DOJ is expected to file for a stay and appeal the CIT's refund mandate.

  2. Supreme Court Ruling

    The U.S. Supreme Court strikes down the use of IEEPA for these specific trade tariffs.

  3. Section 122 Pivot

    The administration issues a 10% across-the-board tariff under the Trade Act of 1974.

  4. IEEPA Tariffs Imposed

    President Trump levies duties on imports using emergency powers under the IEEPA.

  5. Investigation Deadline

    The 150-day window for trade investigations and temporary tariffs is set to conclude.

  6. CIT Refund Order

    The Court of International Trade mandates automatic refunds for IEEPA duties paid.

  7. White House Response

    President Trump calls the ruling 'deeply disappointing' and 'a disgrace' during a press briefing.

  8. SCOTUS Ruling

    The Supreme Court invalidates the sweeping tariff measures in a major blow to trade policy.

  9. SCOTUS Ruling

    Supreme Court strikes down the tariff framework in a 6-3 decision.

  10. New Tariff Announcement

    White House announces a new 10% worldwide duty using alternative legal authorities.

  11. Supreme Court Ruling

    A 6-3 majority strikes down the use of IEEPA for global tariffs, citing Congressional authority over trade.

  12. Presidential Response

    Trump holds a news conference denouncing the court and justices as 'swayed by foreign interests'.

  13. New Tariff Announcement

    Trump invokes the Trade Expansion Act of 1962 to impose a 10% global tariff.

  14. Revenue Milestone

    US government reaches $134 billion in collected levies under the new tariff regime.

  15. Liberation Day

    Trump administration expands global tariffs to dozens of trading partners using IEEPA.

  16. IEEPA Enacted

    The International Emergency Economic Powers Act is signed into law, defining executive power during national emergencies.

Stories mentioning International Emergency Economic Powers Act 4

Financial Regulation Neutral

CIT Orders Automatic Refunds for IEEPA Tariffs Amid Legal Shift

The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to begin automatically refunding duties collected under the International Emergency Economic Powers Act. This landmark ruling follows a Supreme Court decision striking down the tariffs and creates a complex administrative path for importers seeking to recover capital.

2 sources
Financial Regulation Bearish

SCOTUS Strikes Down Trump Tariffs; White House Defiant With New 10% Levy

The U.S. Supreme Court has delivered a 6-3 ruling invalidating President Trump’s sweeping global tariffs, citing an overreach of executive authority under the International Emergency Economic Powers Act. In a defiant response, the White House immediately announced a new 10% worldwide duty, signaling a prolonged legal and economic battle over trade policy.

2 sources

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