U.S. trade representative says White House expects to "stand by" trade deals after Supreme Court ruling

February 23, 2026

TL;DR

The U.S. expects to honor trade deal agreements despite a Supreme Court ruling on tariff policy.
The Supreme Court ruled President Trump does not have the authority to impose unilateral tariffs under the International Emergency Economic Powers Act.
Tariffs related to national security and unfair trading practices under other authorities remain in place.
New tariffs imposed under Section 122 have a 150-day limit unless extended by Congress and are capped at 15%.
European Central Bank President Christine Lagarde expressed concern that the ruling could disrupt business and investment equilibrium.

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