International Emergency Economic Powers Act: Difference between revisions
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Legal basis for US import tariffs | :<span style="color:#4B0082">'''''Legal basis for new US import tariffs'''''</span> | ||
:"... 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... | :"... 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... | ||
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==Other resource== | ==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] | *[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:Accounting,_tax_and_regulation]] | ||
Revision as of 16:02, 22 February 2025
International trade - tariffs - US.
(IEEPA).
The International Emergency Economic Powers Act is US federal legislation allowing the President to impose tariffs.
- Legal basis for new 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
