#TrumpTariffs Trump raised steel and aluminum tariffs to 50%, introduced a 25% tariff on imported cars, and ordered investigations into pharmaceuticals, copper, and other sectors to support future tariffs. He also invoked unprecedented powers under the International Emergency Economic Powers Act (IEEPA) to impose broad, universal tariffs affecting all imports. Although federal courts ruled this use of the IEEPA unconstitutional, the decisions were stayed pending appeal, allowing the tariffs to remain in effect. Oral arguments on the appeals are scheduled for July 31, 2025.[5]