View source for International Emergency Economic Powers Act

''International trade - tariffs - US''.

(IEEPA).

The International Emergency Economic Powers Act is US federal legislation allowing the President to impose tariffs.


Legal basis for US import tariffs

:"... the Trump administration is using the International Emergency Economic Powers Act... which provides the president with wide authority to impose tariffs after declaring an [economic] emergency under the National Emergencies Act...

:Similarly, there are no procedural requirements to [imposing] additional tariffs under Section 338 of the Tariff Act of 1930, if the president finds that a foreign country has taken unreasonable or discriminatory actions that disadvantage US commerce."

:''Tariffs imposed by the new Trump administration... require proactive hedging - John Hintze - The Treasurer 2025 Issue 1, page 24.''


==See also==
* [[Duty]]
* [[Federal]]
* [[Free trade]]
* [[Free trade agreement]]
* [[General Agreement on Tariffs and Trade]]  (GATT)
* [[Imports]]
* [[Indirect tax]]
* [[Most favoured nation]]  (MFN)
* [[Protectionism]]
* [[Quota]]
* [[Regional Comprehensive Economic Partnership]]  (RCEP)
* [[Sanctions]]
* [[Smuggling]]
* [[Tarrif]]
* [[Trade war]]
* [[Treaty]]
* [[Trumponomics]]
* [[United States Trade Representative]]
* [[World Trade Organization]]  (WTO)
* [[WTO rules]]


==Other resource==
*[https://www.reuters.com/markets/commodities/trump-says-he-will-announce-25-steel-aluminum-tariffs-monday-2025-02-09/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=021025&lctg=6355aaba00d66e0884041165 Trump to announce 25% steel and aluminum tariffs in latest trade escalation - 10 February 2025 - Reuters]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Risk_frameworks]]
[[Category:The_business_context]]
[[Category:Trade_finance]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Risk_frameworks]]
[[Category:The_business_context]]
[[Category:Trade_finance]]