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Trump administration reverses part of $100 billion in tariffs
The administration is using other legal authorities to recreate the IEEPA tariff framework, while legal challenges are already underway.
CNBC Markets reports that the Trump administration has taken steps that effectively recreate an IEEPA tariff regime using different legal authorities, after actions tied to so-called liberation day tariffs drew scrutiny. According to CNBC Markets, the steps involve refunding $100 billion linked to the tariffs, as officials seek to keep trade measures in place through alternative legal pathways.
The outlet said the administration’s approach already faces court challenges, highlighting the legal risk around how the tariff policy is being implemented.