Trade Update: US tariff adjustments
February 21st, 2026
The US Supreme Court held that the International Emergency Economic Powers Act (IEEPA) does not give the US President authority to impose tariffs. As a result, all tariffs imposed under IEEPA are invalid as of 20 Feb 2026.
A temporary 10% additional tariff on all foreign origin items under Section 122 has been issued, effective 24 Feb 2026.
Note: All non-IEEPA US additional tariffs continue to remain in affect