February 20, 2026–Written by John Egan for IIR News Intelligence (Sugar Land, Texas)–The Supreme Court on February 20 ruled 6-3 that President Donald Trump’s unlawfully relied on the International Emergency Economic Powers Act (IEEPA) of 1977 to impose tariffs of varying levels on nearly every country in the world. The ruling was a major setback for the president’s economic policy, though Trump and members of Congress vowed to find other ways to achieve the same aims.
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