Presidential Authority on Tariffs

The discussion highlights the legal authority that a returning President Trump may have regarding the imposition of tariffs. The International Emergency Economic Powers Act (IEPA) allows a president to declare an economic emergency, which can grant him the authority to implement tariffs on trade partners. However, such action would likely face immediate legal challenges, as many affected entities would seek injunctions, arguing potential harm from the tariffs. Ultimately, while a president could initiate tariffs using the IEPA, the legality of such actions may become a point of contention that could lead to litigation, possibly reaching the Supreme Court.