In this case, age is not what disqualifies the law. Rather, what renders the law inapplicable to this situation is some combination of:
1. another statute that super-cedes the 1930 statute because it specifically limits Presidential emergency powers in the context of balance-of-trade issues. See around p. 35 of the slip opinion.
2. The Constitution itself, which limits Congress's ability to cede its own powers.
i don't think anyone would disagree that a law can "age out", but simply ignoring it because it's old versus revisiting it's intent and modifying/removing/etc are two very different strategies.
Age alone shouldn't disqualify a law. The law above all other laws, aka the Constitution, is more than 200 years old.