The Supreme Court of the United States has invalidated the sweeping reciprocal tariff regime enacted by the Trump Administration last year, purportedly pursuant to the International Emergency Economic Powers Act (50 U.S.C. §§ 1701, et seq.) (IEEPA). In its opinion issued on February 20, 2026 in Learning Resources, Inc. v. Trump, 145 S.Ct. 2811 (2026) authored by the Chief Justice, the Court held that IEEPA’s delegation to the President to restrict imports does not extend to the capricious array of tariffs that the Administration imposed, raised, and lowered as it saw fit.
Art and Collectibles Markets Aided by Supreme Court Decision that Annuls Trump Administration Tariffs
Topics: Trump Administration, Tariffs, IEEPA
Making Sense of Canada and Mexico Tariffs in the Art Market
Topics: The Art Newspaper, Customs, President, COVID-19, White House, Mexico, Canada, Constitution, Customs and Border Protection, Tariffs, Tariff Act of 1930, Smoot-Hawley, Federal Register, Department of Homeland Security, Higher Education Act of 1965, Notice of Implementation of Additional Duties, International Emergency Economic Powers Act, National Emergencies Act, 50 U.S.C. § 1702(a)(1)(B), Administrative Procedures Act, HEROES Act, Biden v. Nebraska, Loper Bright Enterprises v. Raimondo


