JOURNAL ARTICLE
Trump May Use Emergency Law for Iran Tariffs Despite Court Ruling, Adviser Says.
Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Lowenkron, Hadriana; Stohr, Greg 3 of 3
Abstract
The article focuses on the legal debate surrounding President Donald Trump's authority to impose new Iran-related tariffs under the 1977 International Emergency Economic Powers Act (IEEPA). National Economic Council Director Kevin Hassett asserted that the president can use IEEPA during a "state of conflict" to enact such duties, despite the Supreme Court's recent ruling that IEEPA does not authorize tariffs. The court's majority opinion rejected the use of IEEPA for tariffs, including during wartime, though some justices dissented, suggesting the president may have inherent wartime tariff powers under the Constitution. The administration is considering all tools to address national security threats, but any tariff action under IEEPA would likely face significant legal challenges. [Extracted from the article]
Additional Information
- Source:Bloomberg.com. 2026/04, pN.PAG
- Document Type:Article
- Subject Area:Law
- Publication Date:2026
- Accession Number:192903481
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