The Supreme Court Decides: The Future of Tariffs and What It Means for Your Business

On February 20, 2026, the US Supreme Court released its decision in Learning Resources, Inc. v. Trump and Trump v. V.O.S. Selections, a set of consolidated cases examining the authority of the president to use the International Emergency Economic Powers Act (IEEPA) to impose tariffs.

Please join our team of trade, policy and appellate attorneys for analysis of the decision, what you should be doing now to protect your ability to access refunds of tariffs paid under these actions and next steps. We’ll discuss answers to questions like:

• What does the Supreme Court’s decision mean for IEEPA tariffs, including fentanyl/reciprocal tariffs, Brazil and India tariffs and any future IEEPA tariffs?

• What actions, if any, must the lower courts take in response to the Supreme Court’s decision, and what does the decision mean for other cases pending at the Court of International Trade and federal district courts?

• What should importers that have paid duty deposits do next, under administrative processes, in the courts or both?

• What do we know about the Trump administration’s “Plan B” tariff actions? What comes next and how can importers prepare?