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ARTICLE · 27 FEBRUARY 2026

Weekly Sanctions Update: February 23, 2026

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The Sanctions Update is compiled by Steptoe's International Trade and Regulatory Compliance team and Steptoe's Strategic Risk team.

United StatesInternational Law
Steptoe LLP
Steptoe LLP

The Sanctions Update is compiled by Steptoe's International Trade and Regulatory Compliance team and Steptoe's Strategic Risk team. You can subscribe to receive the Sanctions Update every week through Steptoe's International Compliance Blog and Stepwise Risk Outlook publication home pages.

For more information or advice on any of the developments discussed below, please contact a member of our sanctions team here.

US Developments

US Supreme Court Strikes Down IEEPA Tariffs

On February 20, the Supreme Court ruled in Learning Resources Inc. et al. v. Trump that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs. For the moment, the Court's opinion invalidates a major component of President Trump's foreign policy. However, significant uncertainty remains in the trade landscape. President Trump immediately announced new global tariffs, and the process for tariff refunds remains unclear. We provide a

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