Overview

• The Federal Circuit kept the emergency tariffs in effect on July 9 while scheduling oral arguments for July 31 in V.O.S. Selections, Inc. v. Trump
• Cato Institute’s amicus brief argues that IEEPA grants sanction and asset-freeze powers but does not authorize sweeping import duties
• A bipartisan group of nearly 200 House Democrats filed its own brief challenging the emergency declaration as an overreach of executive tariff authority
• In May the U.S. Court of International Trade struck down most of the tariffs for lacking clear congressional authorization before the appeals court paused that decision
• Legal experts warn that a ruling in favor of the administration could set a precedent for expanded presidential power over trade and amplify planning uncertainty for import-dependent businesses