Emergency Episode - Supreme Court Overturns IEEPA Tariff Authority

In this emergency episode of Current Account, Clay continues the discussion on tariffs with Chris Padilla from the Brunswick Group after the U.S. Supreme Court on Friday, February 20, ruled that the International Emergency Economic Powers Act (IEEPA) does not provide authority for the president to unilaterally impose tariffs. While much is unknown, the Court made one thing clear: major trade actions require clear legal grounding and a durable policy framework. The episode contains a special web session recorded on Monday, February 23, where Clay is joined by Chris to analyze why the decision is a meaningful marker for markets, trading partners, and corporations and follows up on on Episode 134, where they discuss a variety of United States trade and policy topics including the possible ruling against the use of IEEPA.  The full video session can be found for IIF members here. This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, with production and research contributions from Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.