SCOTUS Voids IEEPA Tariffs; Trump Enacts New 15% Global Surcharge
By Jessica Chen | Published 2026-02-21T19:46:20.608Z
Business
Location: Asheville, NC, Western North Carolina
Supreme Court strikes down tariffs, administration responds with new 15% tariff in 24 hours. Impact on WNC businesses and consumers.
A Supreme Court ruling against the administration's tariffs led to a quick response, with a new 15% tariff will be implemented on Tuesday, Feb 24, 2026. Supreme Court RulingOn February 20, 2026, the Supreme Court struck down the "Liberation Day" tariffs in a 6-3 decision. The court found that the president lacked the authority under the International Emergency Economic Powers Act (IEEPA) to impose the tariffs. The tariffs included a 10% tariff on all imports and other country-specific measures
Keywords: tariffs, Supreme Court, Trade Act of 1974, IEEPA, import duties, international trade, Section 122, trade