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Supreme Court Strikes Down Trump Tariffs – What Now?

March 5, 2026

In a long-awaited decision, The Supreme Court ruled that President Trump’s imposition of tariffs using the International Emergency Economic Powers Act (IEEPA) was illegal. However, the ruling left many additional questions unanswered: What other routes can the president potentially use to impose new tariffs? Will anyone receive refunds from the illegally-imposed tariffs? How will the markets react as more details unfold? In this video, Suro Ghatak, Director of Investment Management with The Noble Group, answers those questions.

Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC.

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