Federal Court Hears Arguments Challenging President Trump’s New Global Import Tariffs

$166 billion in emergency tariffs were collected under IEEPA before the Supreme Court struck them down on February 20, 2026

The Supreme Court voted 6-3 on February 20, 2026, to strike down Trump's IEEPA emergency tariffs — the first time a president had ever used the statute to impose broad tariffs

Phase 1 of CBP's new IEEPA refund system is projected to cover roughly 63% of the 53 million-plus entries on which emergency duties were paid

The remaining post-ruling tariff regime is projected to cost the average U.S. household $600–$800 per year, with the lowest-income households bearing roughly 3 times the burden as a share of income compared to the highest earners

GovTrack gives the RELIEF Act a 3% chance of passing committee and a 1% chance of becoming law