Importers warn Supreme Court against upholding ‘unlimited’ tariff powers

A Supreme Court decision in favor of President Trump’s International Emergency Economic Powers Act tariffs would give the executive “unlimited” power to set, revoke and change tariff rates with no meaningful oversight from the courts or Congress, plaintiffs argued Monday in their final round of written briefs for the litigation. “If the IEEPA tariffs are upheld, this and future Presidents would ‘enjoy virtually unlimited power to rewrite’ U.S. tariff laws -- by adding, increasing, or decreasing taxes on imports --...