The Latest Breaking News from IEEPA

The U.S. Customs and Border Protection (CBP) has announced that it will halt the collection of certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) beginning 12:01 a.m. EST (0501 GMT) on Tuesday, February 24, following a landmark ruling by the Supreme Court of the United States.

We've been covering the evolution of related cases with the US International Trade Court that were waiting for this decision, and it all goes together.

The correct answer is: Yes, even when they are also regulations. Whether the Court agrees could determine the future of presidential power.

Donald Trump's claim that the appeals court ruled against him for partisan or ideological reasons is hard to take seriously.

In a 7-4 ruling, the en banc court upheld trial court ruling against all the challenged tariffs. The scope of the injunction against them remains to be determined.

President Trump’s invocation of emergency powers to impose tariffs faces skeptical judges.

Outcomes are hard to predict. But the judges seemed skeptical of the administration's claim that the president has virtually unlimited power to impose tariffs.

The diversity and quality of the briefs opposing Trump's "Liberation Day" tariffs speaks for itself.

Both are wins for free trade, but only one vindicates the separation of powers.