Earlier this year, the Trump Administration invoked the International Emergency Economic Powers Act (IEEPA), a 1977 emergency statute, to impose sweeping import tariffs on various US-trade partners. These unprecedented IEEPA tariffs sparked immediate legal challenges by affected businesses and states, which argued the President overstepped authority. Lower courts have so far agreed. The Supreme Court must […]

In early 2025, the Trump administration shook global markets by imposing sweeping new tariffs on imports from major U.S. trading partners — including China, Mexico, and even Canada. Framed as a response to national security threats, these tariffs ranged from 10% to as high as 50% on certain goods. But what raised eyebrows was not […]

When a product crosses a country’s border, the government can charge a tax before the product enters the country’s domestic economy. In essence, a tariff is the tax that a government imposes on imported goods. The U.S. can impose tariffs on essentially all goods entering the country. The Harmonized Tariff Schedule of the U.S. (HTSUS) […]