business / news / / The Quint
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.
The Supreme Court ruled Trump's global tariffs under IEEPA unlawful, impacting multiple countries' exports.
KEY POINTS
- 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
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