Rep. Jodey Arrington, R-Texas, a member of the House Ways and Means Committee and chairman of the Budget Committee, reintroduced a bill that would allow the administration to impose Section 301 tariffs on goods made outside of China if they are made by Chinese firms.
The U.S. Court of Appeals for the Federal Circuit on May 29 issued an administrative stay of the Court of International Trade's decision to vacate all tariff executive orders issued by President Donald Trump under the International Emergency Economic Powers Act while the appellate court considers the government's emergency motion to stay the CIT decision (V.O.S. Selections v. Donald J. Trump, Fed. Cir. # 25-1812).
The International Emergency Economic Powers Act doesn't allow the president to impose tariffs, the U.S. District Court for the District of Columbia ruled on May 29. A day after the Court of International Trade vacated and permanently enjoined all the tariff executive orders issued under IEEPA by President Donald Trump, the D.C. court went a step further and categorically ruled that IEEPA doesn't include the power to impose tariffs (Learning Resources v. Trump, D.D.C. # 25-1248).
The U.S. Court of Appeals for the Federal Circuit on May 29 stayed the Court of International Trade's decision to vacate all trade action taken by President Donald Trump under the International Emergency and Economic Powers Act while the appellate court considers the government's emergency stay motion of the trade court's ruling. Yesterday, the trade court vacated all of Trump's executive orders imposing the reciprocal tariffs and tariffs on China, Canada and Mexico to combat the flow of fentanyl. The U.S. immediately filled for a stay of the decision at CIT and the Federal Circuit, arguing that such a ruling would "hamstring" U.S. foreign policy.
The end of reciprocal tariffs and tariffs imposed over fentanyl smuggling from China, Canada and Mexico is on hold until an appellate court decides if the use of the International Emergency Economic Powers Act was illegal for those purposes.
The Court of International Trade on May 28 vacated President Donald Trump's reciprocal tariffs and tariffs on China, Canada and Mexico, all of which were issued under the International Emergency Economic Powers Act. The court held that the retaliatory tariffs "exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs" and that the tariffs on China, Canada and Mexico "fail because they do not deal with the threats set forth in those orders." Judges Gary Katzmann, Jane Restani and Timothy Reif permanently enjoined the tariffs, declaring that if the tariffs are "unlawful as to Plaintiff they are unlawful as to all."
Members of the EU Parliament's Committee on International Trade are in Washington this week to discuss political, trade and investment relations between the U.S. and the EU. The delegation, led by committee Chair Bernd Lange of Germany, will hold meetings May 27-29 with various U.S. agencies, lawmakers, business groups, trade union representatives, think tanks and academia. They will specifically talk about "how the tariffs imposed by the US administration are being applied, how business is adapting to the tariffs and how can EU-US trade tensions be eased moving forward," Parliament said.
President Donald Trump, after speaking to European Commission President Ursula von der Leyen on May 25, said it would be his "privilege" to give talks between the EU and the U.S. the same runway as other talks to avoid a hike in reciprocal tariffs.
One of the lawyers representing five importers suing President Donald Trump over his emergency tariffs said that the president's approach to tariffs, constantly threatening various new rates, sometimes backing off, and sometimes not, isn't just a "menace to the economy," it also "is totally at odds with the rule of law."
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