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Supreme Court Rules Against Use of IEEPA for Broad Tariffs

On February 20, 2026, the U.S. Supreme Court issued a landmark ruling in Learning Resources v. Trump, holding that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose broad tariffs on imports without explicit congressional authorization.

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Steel and Aluminum Tariffs Raised to 50%

President Donald Trump has once again turned to tariffs to bolster one of America’s oldest industries. This time, he’s doubling down—literally. On Tuesday, Trump signed an executive order raising tariffs on imported steel and aluminum from 25% to 50%, with the new rates taking effect just after midnight Wednesday.

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