WASHINGTON, D.C. – National Foreign Trade Council (NFTC) President Jake Colvin today issued a statement following the decision of the United States Court of Appeals for the Federal Circuit regarding the administration’s use of IEEPA to impose tariffs:
“It’s positive to see the appeals court confirm the lower court ruling that the administration wrongfully invoked IEEPA to implement global tariffs. However, it is still unclear whether businesses will see any relief from this decision as the appeals process continues.
“If these tariffs are ultimately struck down, it ought to serve as a wake up call for Congress to reclaim its constitutional mandate to regulate duties and bring some long-term certainty for U.S. businesses and relief for consumers. While the court’s ruling ought to serve as an opportunity for the administration to pivot, given the president’s affinity for tariffs as a trade and foreign policy tool, it’s likely they will seek to leverage other authorities to continue to impose high duties, limiting any relief for businesses and consumers.”
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade, tax, national security and supply chain policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses, who account for over $6 trillion in revenue and employ nearly 6 million people in the United States.
