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IELP blog post: Fighting the Trade Narratives: "Unfettered" Liberalization and "Reckless and Dogmatic" Free Trade dlvr.it/TKzyzT

Oh well. Shoulda asked Congress first, then.

A state-controlled steel company? America's descent into Peronism continues apace

A major win against tariff overreach: the trade court just struck down Trump’s IEEPA-based tariffs, ruling them illegal and ordering them ended immediately. Not all of his tariffs, but now the real question is whether he obeys the ruling.

US Court of International Trade just issued decision in case against Trump tariffs filed by Liberty Justice Center and me. All "Liberation Day"/IEEPA tariffs ruled illegal, and blocked by injunction! see link for opinion. I will have much more to say soon: cit.uscourts.gov/sites/cit/file…

So if you are a foreign government negotiating with the Trump administration about the IEEPA "Liberation Day" tariffs, and the tariffs have now been struck down (pending a probable appeal), it may be time to recalibrate your negotiating position.

Okay, not totally out of the woods yet, as noted by Simon Lester. Ruling directs Trump to Section 122. Grok explains still could be 15% tariff for 150 days. Cardiff Garcia

Cliff notes on Section 122: the broadest reading of the statute (which has never been used or tested in court) would let Trump do across the board tariffs up to 15%, for not longer than 150 days, after which it would trigger votes in Congress. Don’t think they’ll want that

IELP blog post: Initial thoughts on V.O.S. Selections v. U.S. (Court of International Trade per curiam, 5/28/25) dlvr.it/TL2rWs

Tariffs are taxes, and the power to tax belongs to Congress. Our Founders were clear: tax policy should never rest in the hands of one person. Tariffs not only drive up costs for American families but also trample on the Constitution. It’s time Congress reasserts its authority

Now do tariffs:

Then what was Vance’s Munich speech?

Oh, I see, we are quoting Hayek now

Having trouble following all of Trump's trade actions over the past few months? This CRS report will help: "Presidential 2025 Tariff Actions: Timeline and Status" congress.gov/crs_external_p…

In simpler times in the trade policy world, we used to have fun debates over ISDS. If, like me, you miss those days, here's a new IELP blog post on ISDS.

IELP blog post: Guest Post: Initial Thoughts on the IEEPA Tariff Rulings dlvr.it/TL69QG