In a significant ruling on February 20, 2026, the U.S. Supreme Court struck down the tariffs imposed under the International Emergency Economic Powers Act (IEEPA), declaring them unlawful. This decision effectively halts the collection of approximately $175 billion in duties that had been enforced through seven executive orders from February to August 2025. The Court's ruling emphasized that the IEEPA was not intended to serve as a broad tool for trade policy, stating, "The application of emergency powers cannot override the constitution's assignment of tariff authority to Congress." Following the ruling, U.S. Customs and Border Protection announced on February 22 that it would cease collecting these duties, marking a pivotal moment in the balance of power between the executive branch and Congress regarding trade policy (The Financial Daily, February 25, 2026).
BUSINESS
Us Supreme Court Strikes Down Ieepa Tariffs, Trump Responds
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The U.S. Supreme Court struck down IEEPA tariffs, halting $175B in duties. President Trump responded with a new 15% tariff, sparking mixed reactions and renewed trade tensions with China and the EU.
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