Supreme Court IEEPA decision narrows U.S. tariff tools; Sections 232/301 remain

U.S. tariff powers under the International Emergency Economic Powers Act have been curtailed following a Supreme Court decision, while bilateral trade agreements continue in force, according to Bloomberg Law. Other trade statutes such as Sections 232, 301, 201, and 122 remain available, and partners in the EU and across the UK, South Korea, and India are reviewing implications.