Please contact: Sam B. Ballingrud, D. Michael Kaye, Ludmilla L. Kasulke, Jeremy W. Dutra, Christopher J. Duncan, or Keith Bradley with any questions.
On November 5, 2025, the Supreme Court heard oral argument in Learning Resources v. Trump and Trump v. V.O.S. Selections on President Trump’s International Emergency Economic Powers Act (IEEPA) tariffs, and we expect the court will issue a decision by the end of the year. Several justices appeared skeptical that IEEPA allows the President to impose tariffs. Importers should prepare to preserve their rights to obtain refunds if the court’s majority overturns the tariffs.