The U.S. Supreme Court recently ruled 6–3 that IEEPA (International Emergency Economic Powers Act) does not authorize the president to impose tariffs. This invalidates all tariffs based solely on IEEPA.
Following the ruling the administration pivoted to Section 122 tariffs via the Trade Act of 1974. Section 122 of the Trade Act of 1974 authorizes the president to impose temporary import surcharges up to 15%. President Trump has since enacted a 15% global tariff. United States Senator Chuck Grassley (R-IA) was asked if the President’s new tariffs will face legal challenges.
Senator Grassley says that Congress will have more say on the tariffs enacted under Section 122.
Senator Grassley also was asked about the President’s State of the Union address and his plans for reducing inflation and attempting to lower prices at the grocery store.
Senator Grassley made his comments on Tuesday during his weekly ag conference call with farm broadcasters and reporters.
