IEEPA Tariffs After the Supreme Court Ruling in Learning Resources Inc. v. Trump

On February 20, 2026, the U.S. Supreme Court ruled that IEEPA does not authorize the President to impose tariffs. This decision raises questions of what happens to the over $135 billion in IEEPA tariffs collected, what costs and obligations face importers following this decision, and what additional steps the Trump administration might take in response.

To help guide lawyers who are advising clients on navigating this changing trade policy landscape, partner Stephan Becker and senior counsel Sahar Hafeez will discuss the Supreme Court decision in more detail and the implications of this decision for the Administration’s use of tariffs as a policy tool going forward, for the trade deals it has concluded and for parties seeking refunds of tariffs paid on imports over the past year.

For more information, please visit the PLI event page.