Tariff Shake-Up: What The Supreme Court Ruling Means For Construction & Development Costs
On Friday, February 20, 2026, the U.S. Supreme Court issued a 6-3 decision in which it held that the President is not authorized to impose tariffs under the International Emergency Economic Powers Act (IEEPA). In 2025, the Trump Administration relied on the IEEPA when it imposed reciprocal and country-specific tariffs that ranged from 15% to 40%, depending on the country and the type of goods being imported. Shortly after the Court issued its opinion, […]