International Emergency Economic Powers Act

A US judge has ordered the Trump administration to stop calculating tariffs under the International Emergency Economic Powers Act (IEEPA) to facilitate refunds to affected companies and individuals. This order follows a Supreme Court ruling that struck down the president's global tariffs as unconstitutional. The decision aims to simplify and expedite the refund process for those who paid IEEPA tariffs, particularly on Chinese imports. The ruling is considered a victory for businesses that challenged the legality of these tariffs and sought compensation for payments made under the administration's trade policies.