economy
February 23, 2026
Nations Not Backing Out of Tariff Deals after Supreme Court Verdict
None of America’s trading partners that have struck deals with the Trump administration have suggested they want to back out of those deals after the Supreme Court struck down President Trump’s “emergency” tariffs, US trade representative Jamieson Greer has said
TL;DR
- The Supreme Court ruled 6-3 that the administration cannot levy tariffs under the International Emergency Economic Powers Act (IEEPA).
- US trade representative Jamieson Greer stated that trading partners are not withdrawing from negotiated deals despite the ruling.
- President Trump plans to implement tariffs using other authorities like Section 22 of the Trade Act of 1974.
- Treasury Secretary Scott Bessent projects minimal impact on tariff revenue for 2026 due to the use of alternative authorities.
- The European Union is seeking clarity and expects the US to honor its commitments regarding trade deals.
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