"Yet it is now January 2026, and no ruling has been issued; one is not anticipated until February at the earliest. During oral arguments, the justices expressed clear skepticism about Trump's rationale for invoking the International Emergency Economic Powers Act (IEEPA) to impose tariffs. The IEEPA does not explicitly authorize tariffs. It permits the president to regulate imports only to address an " unusual or extraordinary threat " to national security, foreign policy, or the economy."
"In December 2025, Iranians protested nationwide against their government amid a severe economic crisis: the rial collapsed to record lows (over 1.4 million to the U.S. dollar), inflation ran rampant (40% to 50% annually, with food prices up about 72% year-on-year), and costs for essentials like cooking oil, meat, and fuel soared. Widespread poverty, unemployment, and mismanagement - worsened by international sanctions and the 12-day war with Israel in June 2025 - fueled the unrest."
The Supreme Court has delayed its ruling on the Trump tariffs until at least February 2026 after the case was placed on an expedited schedule with an opinion expected by the end of 2025. During oral arguments the justices expressed skepticism about invoking the International Emergency Economic Powers Act (IEEPA) to impose tariffs, noting IEEPA does not explicitly authorize tariffs and permits import regulation only to address an "unusual or extraordinary threat" to national security, foreign policy, or the economy. In December 2025 Iranians protested amid severe economic collapse, high inflation, and a plunging rial. On January 12, 2026, Trump announced a 25% tariff on countries doing business with Iran, with no implementation details provided.
Read at Above the Law
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