The Supreme Court Got It Right on IEEPA—But Don't Pop the Champagne Yet

Clark Packard

The Supreme Court’s decision to strike down President Trump’s International Emergency Economic Powers Act (IEEPA) tariffs is a welcome victory for constitutional governance and the rule of law. But anyone hoping this spells the end of the administration’s tariff spree should think twice. Even without IEEPA, the president retains ample statutory authority to quickly recreate much of the current trade policy chaos.

Some of these are familiar. During Trump’s first term...