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Navigating Trump-Era Trade Policy—Section 232 and the Future of U.S. Tariffs

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    While the International Emergency Economic Powers Act (IEEPA) had received a lot of press as a cornerstone of U.S. tariff policy at the time, Section 232 of the Trade Expansion Act of 1962 had been almost as important in shaping the Trump administration's approach to trade.

    With the Supreme Court of the United States deliberating the extent of presidential authority under the IEEPA—and following the dynamic oral arguments on November 5, 2025—many experts anticipated a landmark decision that could invalidate some or all IEEPA-based tariffs. Should this have occurred, Section 232 tariffs would have likely assumed an even greater role, potentially becoming the primary source of U.S. tariffs in the years ahead.

    We held a webinar on December 18 where we analyzed the Supreme Court's decision—or prepared for its imminent release. Our panel explored the Section 232 tariff framework, reviewed current Section 232 measures, and discussed what the future might hold for U.S. trade policy.

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    Originally published before the Ashurst Perkins Coie combination. See disclaimer.

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