# The United States Supreme Court ruled on 21 February 2026 that President Donald Trump’s sweeping global tariffs, imposed under emergency economic powers, were unlawful.

*business · news · 2026-02-21 · The Quint*

## Key points

- The Supreme Court ruled Trump's global tariffs under IEEPA unlawful, impacting multiple countries' exports.
- More than $175 billion in US tariff collections may now be refunded to affected companies.
- Trump announced a new 10% global tariff under Section 122, effective for 150 days, bypassing IEEPA limits.
- Commerce Secretary Lutnick's family could financially benefit from trading rights to potential tariff refunds.
- The court's majority opinion was joined by two justices appointed by Trump himself.

**Companies:** Cantor Fitzgerald
**Countries:** United States, India, Canada, China, Mexico

[Read the full story on The Quint](https://www.thequint.com/news/breaking-news/us-supreme-court-trump-tariffs-global-duty)

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