SCOTUS Strikes Down Trump IEEPA Tariffs
February 24, 2026·about 17 hours ago·via Eurasia Review
The Supreme Court rules 6-3 that the International Emergency Economic Powers Act (IEEPA) does not authorize President Trump to impose tariffs, invalidating those tied to the fentanyl crisis, reciprocal trade measures, and Brazilian election issues. This reaffirms Congress's constitutional power over taxes and tariffs, curbing executive overreach on trade. Importers now eye up to $175 billion in refunds from illegally collected duties, though the process remains unclear.
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