On February 20, 2026, after the US Supreme Court ruled that most of the reciprocal tariffs imposed by Donald Trump since April 2025 were illegal, the President issued an executive order imposing new tariffs of 10%. What impact will this have on international trade, particularly in Europe? We give our analysis.
In the US, on February 20, 2026, the Supreme Court judges ruled that most of the so-called “reciprocal” tariffs introduced in April 2025 by President Trump had no valid legal basis (6 votes to 3). The Court considered that the 1977 emergency law, known as the International Emergency Economic Powers Act (IEEPA), did not allow the President to unilaterally impose tariffs without prior approval from Congress. The Supreme Court did not specify anything regarding the reimbursement of US$133 billion
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.