Senate Bill Would End Declared Emergency Behind Tariffs

In a bold legislative twist, Senators Rand Paul and others introduced a bill Thursday to terminate the national emergency declared by former President Trump—a declaration that served as the legal backbone for sweeping global tariffs. This move challenges the executive's long-standing use of emergency powers to reshape trade policy. Why does this matter? Because unwinding this legal framework could unravel over $300 billion in tariff-based trade strategy, impacting sectors from steel to semiconductors. From a trade law perspective, this signals a potential recalibration of U.S. authority under the International Emergency Economic Powers Act, possibly restoring Congressional oversight in tariff policy. Stay tuned—global supply chains are watching.https://www.law360.com/tax-authority/articles/2324068/senate-bill-would-end-declared-emergency-behind-tariffs

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