Overview

• The U.S. Court of International Trade held on May 28 that many of the White House’s “Liberation Day” tariffs exceeded authority under the International Emergency Economic Powers Act.
• A federal appeals court stayed that decision on May 29, keeping the contested duties in effect pending Supreme Court review.
• President Trump has defended his national-emergency measures and announced plans to double steel and aluminum duties under Section 232.
• Existing Section 301 tariffs on Chinese imports and other trade levies remain fully in force despite the legal challenges.
• Trading partners are readying retaliatory tariffs and companies may seek to reclaim duties if the emergency measures are ultimately voided