Tag

Ieepa

All articles tagged with #ieepa

politics1 day ago•7 min saved

Experts dismiss plan to seize elections under a national emergency

A Florida lawyer's memo arguing the president could use the National Emergencies Act and the International Emergency Economic Powers Act to declare a national emergency and seize U.S. elections was ridiculed by legal experts, who say IEEPA targets foreign threats and economic actions, not elections run by the states. The plan would not authorize seizing voting machines or mail ballots, conflicts with the Elections Clause, and rests on flawed readings of Youngstown, making it legally flawed and unconstitutional.

via Democracy Docket|

#constitutional-law #elections #emergency-powers

business2 days ago•18 min saved

Tariff Refund Clash Escalates as Courts Eye Payouts

Following the Supreme Court's ruling invalidating much of Trump's tariffs, companies including FedEx, Dyson and L’Oréal have filed lawsuits seeking refunds under the International Emergency Economic Powers Act, with more than $100 billion at stake. The government had previously pledged refunds if Trump lost but now signals a lengthy fight; Treasury Secretary Scott Bessent said refunds could not start for about a month, while roughly 900 claims have been filed in federal court. The outcome could reshape tariff revenues and their effect on U.S. consumers and the economy as courts navigate how and when refunds are issued.

via The New York Times|

#business #ieepa #litigation

business3 days ago•6 min saved

Global tariffs go live at 10% as rate uncertainty lingers

US global tariffs have taken effect at 10% after mixed messaging from President Trump, with officials saying a 15% increase could come but no directive has been issued yet; the White House is working to update the rate, while a Supreme Court ruling on IEEPA tariffs fuels uncertainty and potential refunds, as international partners respond and some businesses seek refunds or adjust plans.

via BBC|

#business #global-trade #ieepa

business4 days ago•3 min saved

FedEx seeks full tariff refunds after Supreme Court limits president's tariff powers

FedEx filed a U.S. Court of International Trade suit seeking a full refund of duties paid under the International Emergency Economic Powers Act after the Supreme Court ruled those tariffs unlawful, also asking for interest and legal fees and signaling potential similar claims from other importers.

via CBS News|

#business #fedex #ieepa

litigation4 days ago•35 min saved

FedEx seeks refunds for Trump-era emergency tariffs after Supreme Court ruling

FedEx filed a lawsuit in the U.S. Court of International Trade asking for a full refund of IEEPA emergency tariffs imposed by President Trump, following the Supreme Court’s ruling that the tariffs exceeded authority; officials say more than $175 billion in tariff receipts could be refundable, though the lower court must work out the refund process. FedEx, as importer of record, named U.S. Customs and Border Protection and the U.S. government as defendants, and industry lawyers say refunds would depend on paperwork and contract terms, with a wave of similar cases expected.

via Reuters|

#fedex #ieepa #litigation

business4 days ago•2 min saved

FedEx Demands Full Tariff Refund Following IEEPA Ruling

FedEx filed a lawsuit seeking a full refund of all IEEPA-era tariffs paid during the Trump administration after the Supreme Court ruled the president exceeded his authority in imposing the duties; the suit, lodged with the U.S. Court of International Trade via Customs and Border Protection, highlights ongoing legal challenges to tariff costs and follows Costco’s similar filing, as FedEx warned tariffs could hurt 2026 earnings and overall profitability.

via NBC News|

#business #fedex #ieepa

business4 days ago•2 min saved

FedEx seeks full refund of Trump-era tariffs after Supreme Court ruling

FedEx filed a lawsuit seeking a full refund from the U.S. government for tariffs imposed under the International Emergency Economic Powers Act by Trump, arguing the Supreme Court’s ruling that those tariffs are illegal and that the Court of International Trade has exclusive jurisdiction. The suit appears to be the first major company bid for refunds after the ruling, while other pending suits (including Costco’s) have not yet been decided. FedEx has not disclosed the exact amount paid; last year it warned of about a $1 billion earnings hit due to U.S. trade policies, and regulators have not yet established a refund process.

via CNBC|

#business #fedex #ieepa

politics4 days ago•12 min saved

Democrats push for tariff refunds and curb new Trump duties

Senate Democrats introduced legislation to force refunds for tariffs imposed under the International Emergency Economic Powers Act that were struck down by the Supreme Court, with Customs prioritizing small businesses and regular updates to Congress until repayment. They also vow to block a future extension of Trump’s global tariffs, arguing they would harm consumers and the economy. President and Republican leaders signal uncertainty about refunds and codifying tariffs amid a high-stakes week that includes other Capitol Hill battles (air-safety legislation, DHS funding, and a busy State of the Union backdrop).

via Politico|

#democrats #global-tariffs #ieepa

business5 days ago•5 min saved

Tariffs Stay Course Despite Court Ruling, Trade Chief Says

Despite a Supreme Court ruling that most Trump-era tariffs were illegal, US trade chief Jamieson Greer says the policy will stay on course, with potential changes to the legal tools used; a 15% global tariff announced after the ruling sits apart from bilateral deals with about 20 countries, which the administration says will remain in force. Refunds for tariffs paid are to be decided by courts, while China urged lifting the tariffs and India postponed a Washington trade delegation as reactions varied and lawmakers criticized the policy’s reach.

via The Guardian|

#business #global-tariff #ieepa

business5 days ago•3 min saved

Tariffs Persist as Customs Delays System Update After SCOTUS Ruling

Despite the Supreme Court ruling that reciprocal tariffs are illegal, U.S. importers are still paying duties because CBP has not updated its Cargo System Management Service. About 211,000 containers totaling roughly $8.2 billion arrived recently and remain tariffed, with a 10-day payment window. Refunds, if any, depend on post-entry corrections and actions by the Court of International Trade, a process likely to take weeks.

via CNBC|

#business #cbp #ieepa

business7 days ago•1 min saved

Trump hikes global tariffs to 15% for five months after Supreme Court setback

President Trump announced a temporary 15% global tariff on all imports to take effect Feb. 24 and last about five months, replacing the 10% plan that was struck down by the Supreme Court. The levy, authorized under the International Emergency Economic Powers Act (IEEPA) and reviewed after the ruling, may affect allies like the UK and Australia and must be approved by Congress to extend beyond five months.

via BBC|

#business #ieepa #supreme-court

world7 days ago•136 min saved

Trump vows 10% global tariff after Supreme Court curbs emergency tariffs

After the Supreme Court ruled that Trump exceeded his authority in using emergency powers to impose tariffs, he pledged a 10% global tariff to be enacted under the Trade Act of 1974, as officials discuss alternative authorities and refunds remain uncertain, with markets reacting with muted moves.

via Financial Times|

#ieepa #supreme-court #tariffs

business8 days ago•2 min saved

Supreme Court showdown over Trump-era tariffs could redefine economic policy

The Supreme Court is weighing the legality of Trump-era tariffs largely financed under the International Emergency Economic Powers Act, a ruling that could trigger refunds if struck down and reshape deficits and presidential power. Since November, the goods trade deficit hit a record, Congress rebuked some tariffs, and New York Fed research shows households and businesses bore most tariff costs. The White House has signaled it could reimpose tariffs via other authorities, with discussions of tariff rebates and farmer aid ongoing, while rulings could come as soon as next week if Friday's decision is delayed.

via Axios|

#business #ieepa #supreme-court

policy29 days ago•11 min saved

White House Declares Cuba a National Threat and Tees Up Oil-Linked Tariffs

The White House declares Cuba a national emergency, accusing the regime of aligning with adversaries and supporting transnational terrorists, and creates a framework to impose additional ad valorem duties on imports from countries that directly or indirectly provide oil to Cuba, with implementation and monitoring led by the Commerce, State, Treasury, and related agencies, effective January 30, 2026.

via The White House (.gov)|

#cuba #executive-order #ieepa

politics1 month ago•33 min saved

High Court Decision Could Derail Trump's Greenland Purchase Gambit

The Supreme Court is expected to rule on Tuesday whether Trump can use the International Emergency Economic Powers Act to impose tariffs on routine international trade; if the court rules against the tariffs, his threat to push through the Greenland purchase could be stalled or undermined in the near term, forcing the administration to pursue alternative measures and delaying his broader plan.

via Yahoo|

#donald-trump #greenland #ieepa