Washington, D.C. – National Foreign Trade Council Vice President for Global Trade Policy Tiffany Smith released a statement following votes in the United States Senate to adopt resolutions to terminate tariffs imposed under the International Emergency Economic Powers Act (IEEPA):
“As we look ahead to oral argument on the IEEPA tariff cases at the Supreme Court next week, it is encouraging to see the Senate express its support for ending the three underlying national emergencies.
“Regardless of how the Supreme Court may ultimately rule on the legality of the IEEPA duties, Congress has an obligation to embrace its Constitutional right to regulate tariffs and provide oversight, guidance, and guardrails for their use. Until that happens, American consumers, farmers, and small businesses will continue to bear the costs and uncertainty from the current wide-ranging imposition of tariffs.”
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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.
