Insight
Articles
Published by Bloomberg INDG, Bloomberg Law, February 4, 2026
February 4, 2026 • 1-minute read
Over the past year, the Trump administration’s reciprocal tariffs, imposed under the International Emergency Economic Powers Act, have absorbed media and market attention while the world awaits a US Supreme Court decision on whether IEEPA authorizes the president to impose broad tariffs under its emergency powers.
This decision could affect both future separation-of-powers questions and the practical administration of US trade policy.
The administration, however, hasn’t placed all of its trade leverage in the IEEPA basket. With less fanfare, it continues to invoke other, more established tariff authorities—most notably Section 232 of the Trade Expansion Act of 1962 and Section 301 of the Trade Act of 1974—to impose or expand duties on discrete sectors and products.
Read the full Bloomberg Law article here.
This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.
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