No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, February 27, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Tariffs – Legal Or Not To Be

by TheAdviserMagazine
3 months ago
in Economy
Reading Time: 5 mins read
A A
Tariffs – Legal Or Not To Be
Share on FacebookShare on TwitterShare on LInkedIn


The President cannot unilaterally impose tariffs on antique objects (over 100 years old) if Congress has expressly exempted them. But there are narrow exceptions where a president might temporarily override tariff exemptions, depending on the statutory authority Congress has delegated (e.g., national security statutes like Section 232, emergency powers, sanctions, or trade remedies related to unfair practices).

The Constitution (Art. I, Sec. 8) gives Congress the power:

“to lay and collect Taxes, Duties, Imposts, and Excises.”

“to regulate Commerce with foreign Nations.”

So tariffs are a legislative power, and antiques have historically been a category that Congress has intentionally exempted. Those of us buying antiquities at a European auction are being hit by tariffs in an entirely unconstitutional manner.

This means the default rule is:If Congress exempted antiques, the President cannot override it on his own.

Personally, I intend to file for a Declaratory Judgment against Trump because his actions are wholly unconstitutional. The Trump administration used an executive order under the International Emergency Economic Powers Act (IEEPA) to impose sweeping import tariffs on a wide range of goods — including antiques, decorative arts, and certain historical/cultural objects.Cultural Property News

Under this new regime, items classified under the tariff heading for “antiques” (e.g. Chapter 9706 of the Harmonized Tariff Schedule) are reportedly no longer automatically duty-free as “informational materials.” As a result, many in the art, antiques, and cultural-heritage trade have reported that antiquities — previously exempt — are now being charged tariffs when imported into the U.S. If the same ancient coin is sold in NYC, there is no tariff. If it is sold in London, then Trump demanded tariffs. Tariffs are a Marxist Communist tool and is intended to support domestic jobs from being undercut by foreign. Yet antiquities do not involve modern labor competition.

Tariffs

Why that matters — and why it’s controversial

Historically, U.S. trade law has often treated fine art, paintings, sculpture, and certain expressive/cultural works as “informational materials,” giving them some protection from import duties, especially under tools like IEEPA that were designed for sanctions, not general tariffs.

By using IEEPA (an emergency/sanctions statute) to impose broad import tariffs on essentially all imported goods — including antiques and cultural objects — the Trump administration effectively attempted to sweep aside the traditional distinction/exemption and totally disregard Congress entirely.

Trump is Using Drugs to Justify Using IEEPA

The official “fact sheet” accompanying the February 2025 executive-orders states that the “extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl” constitutes a national emergency under IEEPA. Under that emergency, the administration imposed — or attempted to impose — tariffs: e.g. 25% tariffs on imports from Mexico and Canada; 10% (or more) on China.

Global Trade & Sanctions Law

That marked a dramatic departure: prior to 2025, NO U.S. president had used IEEPA to impose economy-wide tariffs on major trading partners for drug / immigration reasons. That said — whether this unilateral tariff-imposition is lawful remains deeply contested.

As of mid-2025, a major ruling from the United States Court of International Trade found that the executive-order tariffs exceeded the president’s authority under IEEPA, because IEEPA was not intended to grant broad tariff powers. The court held that traditionally only Congress has the constitutional power to regulate tariffs, and that invoking IEEPA to impose sweeping tariffs — including on antiques, art, and cultural goods — may violate that separation of powers.

Therefore: some of the “art and antiquities tariffs” under Trump may be overturned, depending on further court rulings (or how customs enforcement proceeds), meaning the longer-term status of these tariffs — and exemptions — remains uncertain.  Antique dealers, collectors, and museums importing “decorative arts, antiques, and cultural objects” are now — at least until the courts fully resolve the issue — facing tariffs where they historically did not.

Whether a given object is exempt depends heavily on classification (paintings/sculpture vs mixed-material antiques), as well as origin, provenance, and how customs officials interpret the rules under the new tariff regime. Because of legal uncertainty and swift regulatory shifts, many in the art world report disruption, delays, and extra costs. So: Yes, Trump did try to include antiquities in tariff coverage, even though traditionally many cultural-heritage imports had exemptions. But that move is now being challenged legally — and some courts have already deemed parts of it unlawful.

The Supreme Court heard oral arguments on November 5th, 2025, and it is to decide the legality of the tariffs imposed under the International Emergency Economic PowersAct (“IEEPA”). Respondents insisted the Court of International Trade (“CIT”) had exclusive jurisdiction over such challenges, but the federal district court disagreed.

No Article II tariff power exists that Trump can invoke. The Constitution gives the tariff power to Congress, and only Congress can authorize the President to “lay and collect Taxes, Duties, Imposts, and Excises.” U.S. Const., art. I, § 8.

Trump points to IEEPA. See, e.g., Executive Orders 14298, 14266, 14259, 14257, 14256, 14245, 14232, 14231, 14195, 14194, 14193. He has done so to impose specific tariffs on some of theNation’s largest trading partners. E.g., Executive Orders 14193 (Canada), 14194 (Mexico), 14195 (China). He has done so to impose reciprocal rates on other countries to improve America’s balance-of-payments. Executive Order 14257. And he has done so to impose a more-or-less universal floor tariff of ten percent on all foreign goods sold in the United States. Id. Some of those tariffs have been altered or held in abeyance (for now), but not all. What certainly hasn’t changed is the President’s claim that IEEPA gives him a free hand to tariff.

Tariff Table Sct

We will see how the court will rule. There are three possibile outcomes. If we were to rule by strict construction, I would strike it down as an abuse of power. Because Trump is citing “extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl” as the national security issue to justify using the IEEPA, I do not see how that justies tariffs on any product from Europe, not to mention antiquities.

935 ECM 2020 2028

Trump’s tariffs coming on the downside of the ECM is in line with the recession our model has forecast from 2024 into 2028. These tariffs on top of the stupid sanctions on Russia which will result in higher food costs in addition to energy, does not paint a pretty picture for the world economy into 2028 which will be aggravated by the rising Sovereign Debt Crisis.



Source link

Tags: legalTariffs
ShareTweetShare
Previous Post

China’s factory activity shrinks again in November, services activity cools

Next Post

The Recipe for 1,500% Gains: Aurora Labs CEO Breaks Down ZEC Surge and Crypto’s Privacy Pivot

Related Posts

edit post
Sam’s Links: February Edition – Econlib

Sam’s Links: February Edition – Econlib

by TheAdviserMagazine
February 27, 2026
0

Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication...

edit post
Electricity Crisis On The Horizon?

Electricity Crisis On The Horizon?

by TheAdviserMagazine
February 27, 2026
0

Official data already shows that US data centers consumed about 176 terawatt-hours of electricity in 2023, representing roughly 4.4% of...

edit post
Market Talk – February 26, 2026

Market Talk – February 26, 2026

by TheAdviserMagazine
February 26, 2026
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 170.27 points or 0.29% to...

edit post
Canada Fines Man 0,000 For Saying There Are ONLY 2 Genders

Canada Fines Man $750,000 For Saying There Are ONLY 2 Genders

by TheAdviserMagazine
February 26, 2026
0

There have always been straight an homosexual since ancient times. The term “Philadelphus” was given to Ptolemy II because he...

edit post
Massachusetts 1690: The First Western Fiat Experiment

Massachusetts 1690: The First Western Fiat Experiment

by TheAdviserMagazine
February 26, 2026
0

This first experiment with government-issued bills of credit presents a natural historical test case for Modern Monetary Theory (MMT), particularly...

edit post
Are The White Liberals Just Brainwashed?

Are The White Liberals Just Brainwashed?

by TheAdviserMagazine
February 26, 2026
0

  What this video shows is how brainwashed the LIBERAL voters truly are. To believe that ANYONE does not have...

Next Post
edit post
The Recipe for 1,500% Gains: Aurora Labs CEO Breaks Down ZEC Surge and Crypto’s Privacy Pivot

The Recipe for 1,500% Gains: Aurora Labs CEO Breaks Down ZEC Surge and Crypto’s Privacy Pivot

edit post
Market Trading Guide: Buy Laurus Labs, Bajaj Finance and 3 more stocks on Monday for up to 8% near-term gains. Here’s why – Nifty tracker

Market Trading Guide: Buy Laurus Labs, Bajaj Finance and 3 more stocks on Monday for up to 8% near-term gains. Here’s why - Nifty tracker

  • Trending
  • Comments
  • Latest
edit post
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

February 3, 2026
edit post
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Where Is My 2025 Oregon State Tax Refund

Where Is My 2025 Oregon State Tax Refund

February 13, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
Hindenburg Omen: Rotation Signal or Early Distribution?

Hindenburg Omen: Rotation Signal or Early Distribution?

0
edit post
China to dominate the global plastics demand in 2026

China to dominate the global plastics demand in 2026

0
edit post
FP’s February CE quiz available now to planners

FP’s February CE quiz available now to planners

0
edit post
Scientists Test Nasal Spray Vaccine That Protected Mice From COVID, Flu, and Pneumonia for Months

Scientists Test Nasal Spray Vaccine That Protected Mice From COVID, Flu, and Pneumonia for Months

0
edit post
Teamwork in Learning Is Passé: How Guided Independence Builds Deep Learning – Faculty Focus

Teamwork in Learning Is Passé: How Guided Independence Builds Deep Learning – Faculty Focus

0
edit post
How the Big Beautiful Bill Could Affect Self-Employed Deductions

How the Big Beautiful Bill Could Affect Self-Employed Deductions

0
edit post
China to dominate the global plastics demand in 2026

China to dominate the global plastics demand in 2026

February 27, 2026
edit post
An 1863 Investment in Gold Coins Is Worth Millions in the 21st Century. Should You Adopt the Same Strategy?

An 1863 Investment in Gold Coins Is Worth Millions in the 21st Century. Should You Adopt the Same Strategy?

February 27, 2026
edit post
New York City cops actually arrested someone for getting in a snowball fight with them

New York City cops actually arrested someone for getting in a snowball fight with them

February 27, 2026
edit post
Ripple Unveils Whitepaper On Institutional Digital Asset Trading

Ripple Unveils Whitepaper On Institutional Digital Asset Trading

February 27, 2026
edit post
FP’s February CE quiz available now to planners

FP’s February CE quiz available now to planners

February 27, 2026
edit post
Sam’s Links: February Edition – Econlib

Sam’s Links: February Edition – Econlib

February 27, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • China to dominate the global plastics demand in 2026
  • An 1863 Investment in Gold Coins Is Worth Millions in the 21st Century. Should You Adopt the Same Strategy?
  • New York City cops actually arrested someone for getting in a snowball fight with them
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.