Trade Talk: Tariffs and U.S. Legislation

On Wednesday evening, the US Court of International Trade ruled that the Administration overstepped its authority by using the International Emergency Economic Powers Act (IEEPA) to enact tariffs on imports.

These tariffs are commonly referred to as the "reciprocal" or "Liberation Day" tariffs. The Administration has indicated it will quickly appeal the decision to the Federal Circuit Court of Appeals and may need to take the case to the Supreme Court.

IL Corn staff continue to track these developments closely and will keep members updated.