Trading with the Enemy Act

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The Trading with the Enemy Act is a United States federal law, 12 USC 95a, created in 1917 to restrict trade with countries hostile to the U.S. The law gives the President the power to oversee or restrict any and all trade between the U.S. and her enemies in times of war.

The Trading with the Enemy Act is often confused with the International Emergency Economic Powers Act, which grants somewhat broader powers to the President, and is invoked during states of emergency when not at war.

Currently, the only nations with whom trade is effectively closed by the act are North Korea and Cuba.

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