In this special breaking news edition of “Tackling Tax,” we cover the major U.S. Supreme Court decision issued on February 20, 2026, regarding the International Emergency Economic Powers Act (IEEPA). The court has overturned President Donald Trump’s IEEPA tariffs, ruling that the act does not authorize the president to impose such tariffs.
Director Iris Laws and Managing Director Michael Cornett briefly break down the 170-page decision to explain what this means for the future of trade, the validity of current international agreements, and the complex path ahead for importers seeking refunds.
Look for upcoming FORsights™ for a more detailed discussion on the case.
Please contact one of our trusted professionals if you are affected by this ruling and would like to know more.