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Trump trying to find ‘loophole' on tariffs: Oregon attorney general
Trump trying to find ‘loophole' on tariffs: Oregon attorney general

Yahoo

time2 days ago

  • Business
  • Yahoo

Trump trying to find ‘loophole' on tariffs: Oregon attorney general

Oregon Attorney General Dan Rayfield said Thursday that President Trump was attempting to find a 'loophole' to instate global tariffs. The Trump administration has argued that under the International Emergency Economic Powers Act (IEEPA), which Trump enacted in February, the White House can set and dismantle trade rates through sole executive power. 'He used an emergency power. No president has ever used that power, and that's why he got struck down, and he's going to get struck down again,' Rayfield told NewsNation. The Oregon attorney general said Trump wants to bypass traditional Title 19 laws regulating tariffs to 'skirt the sideboards, the safeguards for our economy that Congress put in place.' 'He doesn't want to do those. Those have limits on terms. Those have limits on the period in which that Trump… these tariffs can get administered,' he said. 'So he's trying to do this in a backwards way and find a loophole. And the judges said, 'No.'' Two federal judges ruled to block Trump's tariffs but an appeals court temporarily paused their injunctions until legal arguments from both the government and plaintiffs could be heard. IEEPA is a federal law that grants the president power to regulate international trade if they've declared a national emergency in response to an 'unusual' and 'extraordinary' threat. Multiple attorneys general and lawmakers have suggested that Trump has overstepped his authority by implementing 'Liberation Day' levies on many of the United States' trade partners without a viable cause. Bipartisan lawmakers have taken issue with slated duties due to their potential impact on the national and global economy in addition to price increases for consumers. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trump trying to find ‘loophole' on tariffs: Oregon attorney general
Trump trying to find ‘loophole' on tariffs: Oregon attorney general

The Hill

time2 days ago

  • Business
  • The Hill

Trump trying to find ‘loophole' on tariffs: Oregon attorney general

Oregon Attorney General Dan Rayfield said Thursday that President Trump was attempting to find a 'loophole' to instate global tariffs. The Trump administration has argued that under the International Emergency Economic Powers Act (IEEPA), which Trump enacted in February, the White House can set and dismantle trade rates through sole executive power. 'He used an emergency power. No president has ever used that power, and that's why he got struck down, and he's going to get struck down again,' Rayfield told NewsNation. The Oregon attorney general said Trump wants to bypass traditional Title 19 laws regulating tariffs to 'skirt the sideboards, the safeguards for our economy that Congress put in place.' 'He doesn't want to do those. Those have limits on terms. Those have limits on the period in which that Trump… these tariffs can get administered,' he said. 'So he's trying to do this in a backwards way and find a loophole. And the judges said, 'No.'' Two federal judges ruled to block Trump's tariffs but an appeals court temporarily paused their injunctions until legal arguments from both the government and plaintiffs could be heard. IEEPA is a federal law that grants the president power to regulate international trade if they've declared a national emergency in response to an 'unusual' and 'extraordinary' threat. Multiple attorneys general and lawmakers have suggested that Trump has overstepped his authority by implementing 'Liberation Day' levies on many of the United States' trade partners without a viable cause. Bipartisan lawmakers have taken issue with slated duties due to their potential impact on the national and global economy in addition to price increases for consumers.

Appeals Court Allows Tariffs to Stay in Effect
Appeals Court Allows Tariffs to Stay in Effect

Bloomberg

time3 days ago

  • Business
  • Bloomberg

Appeals Court Allows Tariffs to Stay in Effect

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Oregon Attorney General Dan Rayfield, who is leading the multi-state lawsuit against the Trump Administration on tariffs, weighs in on the appeals court saying President Trump's tariffs can stay in effect. Rep. Nicole Malliotakis (R) NY discusses what changes the US Senate could make to the tax bill. Ernie Tedeschi, Director of Economics at the Budget Lab at Yale University, & Former US Trade Representative Ron Kirk also share their responses to the Trump tariff ruling. (Source: Bloomberg)

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