CNBC: ‘We have a little bit of a reprieve’ on Tariff Rules
- Schulz Trade Law
- 4 days ago
- 2 min read
Updated: 2 days ago
May 29, 2025
‘We have a little bit of a reprieve’ before new tariff rules can be implemented, trade lawyer says
Michelle Schulz, founder and managing partner at Schulz Trade Law, discusses what’s next for tariffs after a court blocks U.S. President Donald Trump's “reciprocal” duties.
Founder and Managing Partner Michelle Schulz at Schulz Trade Law PLLC, discusses what’s next for tariffs after a court blocks the “reciprocal” duties imposed by U.S. President Donald Trump on CNBC this morning.
Court Ruling Halts Trump’s Emergency Tariffs, Delays Future Plans
In a CNBC interview, Michelle Schulz of Schulz Trade Law unpacked a court decision blocking the Trump administration’s tariffs under the International Emergency Economic Powers Act (IEEPA). The ruling voids existing tariff orders and bars their enforcement, citing the IEEPA’s limited scope. The court questioned whether the tariffs addressed a "true emergency," as outlined in the 49-page opinion.
While this pauses IEEPA-based tariffs, Schulz highlighted that the administration could turn to other mechanisms, like Section 232 tariffs on steel and aluminum or Section 301 tariffs on Chinese goods. However, these require lengthy investigations by the Commerce Department to prove economic harm, involving public comments and data collection. This process could delay new tariffs for months, offering businesses temporary relief.
"The commerce department has to gather a lot of information, and it can take months and months. So, in my mind, we have a little bit of a reprieve for a good period of time before another set of rules is going to be acceptable."
The ruling underscores the complexities of tariff imposition and signals a slower, more scrutinized approach if the administration pursues alternative paths.
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