That doesn't say the president can just write up new taxes and threaten them anytime he wishes. So I think this is unconstitutional. Now, He's pointed towards a statute that Congress passed called ipa. I don't think that applies to trade either. And I think the court is going to strike this down, and it will be a significant rebuke to unchecked presidential power. The sooner the better, though, because the power continues to be used. (06:30–06:37)
CLAIM
Asserts that the International Emergency Economic Powers Act (IEEPA) does not apply to trade.
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