ECIA Issues Industry Alert on U.S. Supreme Court IEEPA Tariff Ruling
ATLANTA, GA – ECIA has issued a follow up Industry Alert from its Global Industry Practices Committee (GIPC) experts to update members on last Friday’s U.S. Supreme Court tariff ruling. The U.S. Supreme Court has ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the imposition of tariffs. As a result, tariffs enacted under IEEPA authority have been invalidated, and the collection of those duties is being halted. This decision may affect ECIA member companies that import electronic components, subassemblies, or finished electronic products. This alert covers the component categories impacted and how companies might respond.
“The ECIA GIPC teams are working to keep our members informed and up to date,” ECIA VP of Industry Practices Christine Wolnik commented. “We will be hosting a webinar on tariffs on March 4th to highlight the Supreme Court ruling and provide an opportunity to answer questions. Look for details and an invitation soon."
While recognizing the need to balance global trade and support U.S. manufacturing, ECIA has taken the position that tariffs have imposed significant and uneven challenges on the component channel. ECIA is committed to monitoring the situation and providing members with the latest information for timely decision making.
View the complete ECIA Industry Alert and learn more about tariffs here.
