Overview

• The U.S. Court of Appeals for the Federal Circuit, in a 7–4 decision, concluded the IEEPA does not authorize the president to impose broad import tariffs.
• The ruling largely affirms a May decision by the U.S. Court of International Trade that found Trump exceeded his authority.
• The tariffs at issue remain in force during the stay, and the White House signaled it will seek U.S. Supreme Court review.
• The decision targets the global or reciprocal tariffs imposed under the emergency statute and does not affect measures grounded in other laws, such as certain steel and aluminum duties.
• Officials and analysts warned that a final loss could trigger significant tariff refunds and diplomatic fallout after tens of billions were collected from trading partners.