WASHINGTON, d.c. — Neil Bradley, Executive Vice President and Chief Policy Officer at the U.S. Chamber of Commerce, issued the following statement today on the Supreme Court’s decision to halt tariffs under the International Emergency Economic Powers Act (IEEPA): 

“The Supreme Court’s decision is welcome news for businesses and consumers. Over the past year, the Chamber has been working with small and midsize businesses around the country that have seen significant cost increases and supply chain disruptions as a result of these tariffs. Swift refunds of the impermissible tariffs will be meaningful for the more than 200,000 small business importers in this country and will help support stronger economic growth this year. 

"We encourage the administration to use this opportunity to reset overall tariff policy in a manner that will lead to greater economic growth, larger wage gains for workers, and lower costs for families."

The Chamber filed an amicus brief in Trump v. V.O.S. Selections, Inc. arguing that the challenged tariffs were enacted in excess of statutory authority and are causing irreparable harm to businesses of all sizes.

Source: www.uschamber.com