The IEEPA Tariffs Are Gone: Now What?

On February 20, 2026, the Supreme Court issued a landmark decision in Learning Resources, Inc. v. Trump (No. 24-1287) and Trump v. V.O.S. Selections, Inc. (No. 25-250), holding 6-3 that the International Emergency Economic Powers Act (IEEPA) does not grant the President authority to impose tariffs. The same day, President Trump issued an Executive Order...... By: Jenner & Block