Transatlantic Trade Monitor: Facts You Need Now | IEEPA Tariffs to Remain Temporarily Despite Adverse Ruling; Aluminum and Steel Tariff Rate Increased | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Reso

Transatlantic Trade Monitor: Facts You Need Now | IEEPA Tariffs to Remain Temporarily Despite Adverse Ruling; Aluminum and Steel Tariff Rate Increased | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Reso

By Ryan Last, Daniel N. Anziska, Daniel Gorman, Charlene C. Goldfield, and Luke LoFrumento*, Troutman Pepper Locke On May 28, the U.S. Court of International Trade ruled that the tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA) were unlawful. In the case of V.O.S. v. United States, the court found that IEEPA does not delegate such broad tariff powers to the president and that the tariffs addressing…