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Tag: International Emergency Economic Powers Act
​Title: “Liberation Day Tariffs: Legal Foundations, Global Impacts, and the Future of U.S. Trade Policy”​
On April 2, 2025, President Donald J. Trump declared a "national emergency" to address what he termed "large and persistent U.S. trade deficits," unveiling a sweeping tariff regime known as the "Liberation Day" tariffs. This policy imposed a universal 10% tariff on all imports, with higher, country-specific tariffs—some exceeding 50%—targeting nations with significant trade surpluses with the United States. The administration justified these measures under the International Emergency Economic Powers Act (IEEPA), asserting that economic imbalances posed a threat to national security