SCOTUS Overturns Trump's IEEPA Tariffs in 6-3 Ruling
February 21, 2026·4 days ago·via equiti.com
The Supreme Court delivers a stinging 6-3 rebuke to President Trump's use of the International Emergency Economic Powers Act (IEEPA), ruling it does not authorize sweeping tariffs imposed last year as a cornerstone of his America First economic strategy. Stocks surge on the news, with markets cheering the decision that voids these emergency measures from the start, though no clear refund process emerges yet for importers hit hard by the duties.
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