20
Feb
Highlights
Today, the U.S. Supreme Court issued its decision on tariffs imposed under the International Emergency Economic Powers Act (IEEPA).
By a 6-3 vote, the Supreme Court determined that IEEPA tariffs are unlawful and unconstitutional.
The majority opinion, however, did not discuss whether or how refunds will be issued nor the impact on the framework of U.S. trade deals negotiated with certain foreign countries within the past year (e.g., the European Union and Japan).
This decision does not affect...