CARMICHAEL COMPASS: SPECIAL MEMO TO CLIENTS ISSUE 26-009 – March 05, 2026

An Update on the Status of the Decisions on IEEPA Tariffs The Supreme Court made the decision that all IEEPA tariffs were illegal and that the President did not have the authority to impose tariffs under the statute. The Supreme Court decision only concerned the legality of the issues; it did not address whether or how refunds might be applied. …