General Studies · International Laws
The International Emergency Economic Powers Act (IEEPA), a United States federal law, primarily empowers the U.S. President to:
- 1Replace congressional trade legislation in matters of national security and commerce.
- 2Levy customs duties and trade taxes as part of routine trade policy under executive discretion.
- 3Unilaterally impose import tariffs of any magnitude and duration without congressional authorisation.
- 4Regulate and block transactions during a declared national emergency involving foreign threats, but not to impose routine tariffs.✓
Correct answer
Regulate and block transactions during a declared national emergency involving foreign threats, but not to impose routine tariffs.
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