A federal court of appeals said President Trump overstepped his authority when he imposed sweeping tariffs. Now, American importers are scrambling to see if they’ll get a refund on the more than $150 billion they already paid.
The court ruled Friday that the Trump administration could not use the International Emergency Economic Powers Act (IEEPA), which allows the president “broad authority to regulate a variety of economic transactions following a declaration of national emergency” as justification for his unilaterally imposed tariffs. The ruling largely upheld a May decision by a federal trade court in New York.
