NewsDialy
One hundred billion dollars in tariffs, levied as taxes on imported goods, is being refunded to U.S. Court challenges to the Trump administration's "liberation day" trade policy produced that outcome.
The administration's response is to reconstruct the same trade restrictions through different legal authorities. That reconstruction already faces its own court challenges.
The IEEPA foundation Liberation day tariffs were collected under IEEPA, the International Emergency Economic Powers Act.
The law gives a president authority to impose broad economic restrictions when a national emergency is declared.
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