Overview

• The court held that the International Emergency Economic Powers Act does not authorize the president to impose tariffs or taxes.
• Judges left the contested levies in place until Oct. 14 to give the government time to seek review by the U.S. Supreme Court.
• Tariffs based on other statutes, notably on steel and aluminum, are not affected by the decision.
• The panel sent parts of the case back to a lower court to determine the ruling’s scope and which parties are covered, prolonging business uncertainty.
• Plaintiff states and small and mid-sized firms had earlier won at the Court of International Trade, and the ruling raises the prospect of refunds and lost federal revenue if ultimately upheld.