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US administration tests waters on use of IEEPA in Iran conflict

By Zack Budryk ( April 16, 2026, 19:21 GMT | Comment) -- A key US economic official has signaled the Trump administration may invoke the trade law blocked by the Supreme Court to collect tariffs in the conflict with Iran, but the lack of a formal war declaration is likely to complicate any concrete action.A key US economic official has signaled the administration of President Donald Trump may invoke the trade law blocked by the US Supreme Court to collect tariffs in the conflict with Iran. However, the lack of a formal war declaration is likely to complicate any concrete action....

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