What is IEEPA? Law at the center of Trump’s Liberation Day tariffs

The Supreme Court of the United States has ruled 6-3 that the International Emergency Economic Powers Act (IEEPA) does not give the president the power to impose tariffs. The case focused on tariffs introduced under President Donald Trump, according to Reuters.

What is IIEPA? Supreme Court limits Presidential power on tariffs (AP)
What is IIEPA? Supreme Court limits Presidential power on tariffs (AP)

What is IEEPA?

The International Emergency Economic Powers Act (IEEPA) is a U.S. federal law passed in 1977. It allows the president to regulate international commerce, freeze assets, and impose sanctions during a declared national emergency caused by foreign threats to U.S. security, foreign policy or economy.

In its decision, the court has said that Congress, not the president, has the authority to set tariffs. The majority opinion stated that IEEPA “does not authorize the President to impose tariffs.”

The ruling limits how future presidents can use emergency powers in trade matters.

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