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Monday, February 23, 2026
On February 20, 2026, the United States Supreme Court ruled that President Donald Trump had exceeded his authority in imposing tariffs under a 1977 economic emergency powers act. The decision invalidates many of the tariffs introduced during his administration, raising questions about their impact on ongoing trade agreements.
Despite the ruling, U.S. Trade Representative Jamieson Greer stated on February 22 that trade deals with the European Union, China, and other partners remain in force. Speaking on CBS’s “Face the Nation,” Greer emphasized that the agreements are “good deals” and that Washington expects its partners to uphold them.
The ruling is expected to have significant implications for U.S. trade policy and global markets, as it curtails presidential powers in economic emergencies while reaffirming the role of Congress in regulating commerce.
