International Emergency Economic Powers Act

President Trump's tariff policy has led to ongoing price increases by U.S. companies, with 47% of service firms and 44% of manufacturers planning hikes. Businesses are using a 'trickle up' strategy to gradually raise prices, avoiding immediate consumer backlash. The New York Fed notes that 90% of tariff costs are borne by U.S. companies and consumers, contradicting Trump's claims that exporters would cover the costs.

Pakistan and the United States are holding trade negotiations in Washington to address US tariffs on Pakistani exports and finalize a bilateral trade agreement. Pakistan secured a reduction of tariffs from 29% to 19% in prior talks, but a US Supreme Court ruling invalidated the IEEPA-based tariffs, leading to a temporary 10% global tariff set to expire in July. Pakistan also faces a proposed 10% additional tariff under Section 301 investigations.

The US Supreme Court's recent rulings included decisions on tariffs, conversion therapy bans, and faith-based pregnancy center lawsuits, with Massachusetts involved in several cases through state lawsuits and amicus briefs. The court's conservative majority upheld limits on presidential emergency powers and signaled skepticism toward Colorado's conversion therapy ban, while Massachusetts has its own similar laws.

The Supreme Court expanded President Trump's control over federal agencies, including immigration and the Federal Trade Commission, but limited his authority over the Federal Reserve and tariffs. These rulings increased regulatory uncertainty for businesses while preserving some market stability.

U.S. Senate Democrats Ron Wyden and Edward Markey have criticized the Trump administration for failing to refund over $145 billion in tariffs deemed unlawful by the U.S. Supreme Court. They demanded the U.S. Customs and Border Protection Commissioner expedite refunds to small businesses for tariffs imposed under the International Emergency Economic Powers Act.

Senate Democrats Ron Wyden and Edward Markey accused the Trump administration of delaying refunds for over $145 billion in tariffs ruled unlawful by the Supreme Court. The U.S. Customs and Border Protection has only refunded about $20.6 billion, leaving tens of billions unreturned, impacting small businesses that paid tariffs under the International Emergency Economic Powers Act.

Senate Democrats Ron Wyden and Edward Markey accuse the Trump administration of delaying refunds for over $145 billion in unlawful tariffs, with only $20.6 billion processed. The Supreme Court ruled President Trump's global tariffs illegal, but the administration has faced criticism for slowing the refund process, leaving small businesses waiting for repayment.

U.S. Senate Democrats Ron Wyden and Edward Markey criticized the Trump administration for failing to refund over $145 billion in tariffs deemed unlawful by the U.S. Supreme Court. They demanded the Customs and Border Protection Commissioner expedite refunds to small businesses affected by the tariffs, which were ruled illegal in a February 2025 decision. Only $20.6 billion has been refunded, with $85 billion in processing and over $60 billion unprocessed.

U.S. Senate Democrats Ron Wyden and Edward Markey demanded the Trump administration refund over $145 billion in tariffs ruled unlawful by the Supreme Court, citing delays in processing payments to small businesses. The Trump administration has refunded only $20.6 billion, with $85 billion in processing and $60 billion unprocessed, according to court documents.

U.S. Senate Democrats Ron Wyden and Edward Markey demanded the Trump administration refund over $145 billion in tariffs deemed unlawful by the U.S. Supreme Court, criticizing delays in processing refunds for small businesses. The administration has only returned $20.6 billion, with $85 billion in processing and $60 billion unaddressed, despite court orders requiring repayment.

Jamshid Ghomi, 63, an Orange County business owner, is accused of supplying U.S. technology to Iran, according to federal prosecutors. He faces conspiracy charges related to violating the International Emergency Economic Powers Act.

Jamshid Ghomi, a Newport Coast resident, is accused of conspiring to violate the International Emergency Economic Powers Act by supplying U.S. technology to Iran, according to a federal criminal complaint.

Jamshid Ghomi, a Newport Coast-based CEO of an Iran-based technology company, was arrested on federal charges of illegally supplying U.S.-origin networking and encryption equipment to Iran's military and nuclear establishment. He faces conspiracy charges under the International Emergency Economic Powers Act.

The US Justice Department has announced plans to appeal a judge's order requiring broad refunds of Trump-era tariffs, arguing the judge lacks authority to mandate nationwide refunds for all importers who paid tariffs under the International Emergency Economic Powers Act (IEEPA), even those who did not sue. The dispute centers on whether a recent Supreme Court ruling on birthright citizenship limits the scope of such refunds, potentially creating legal uncertainty in an ongoing claims process.

Donald Trump criticized Supreme Court Justice Ketanji Brown Jackson as a 'low IQ person' during a tirade against the court's conservative majority, which he accused of blocking his tariff plan and potentially ruling against his birthright citizenship policy. Trump referred to Jackson as the 'new' female justice appointed by Joe Biden, highlighting his frustration with justices he claims no longer align with Republican values.

President Donald Trump criticized Supreme Court Justice Ketanji Brown Jackson as a 'low IQ person' during a tirade against the court's conservative majority, which he accused of blocking his tariff plan and potentially ruling against his birthright citizenship executive order. Trump highlighted his frustration with Republican justices not uniting and praised Democratic justices for their 'loyalty'.

A refund system for businesses that paid tariffs ruled unconstitutional by the U.S. Supreme Court under President Trump's authority is set to launch, allowing importers to claim refunds through an online portal. The process involves submitting declarations for eligible tariffs, with refunds expected to take 60-90 days and prioritizing recent payments.

Shamim Mafi, an Iranian national and U.S. lawful permanent resident, was arrested at LAX for allegedly brokering Iranian-made weapons sales to Sudan, including drones, bombs, and millions of rounds of ammunition, violating U.S. sanctions. She faces up to 20 years in prison if convicted under the International Emergency Economic Powers Act.