Georgia Chamber Releases Report on Latest Tariff Updates

ATLANTA – Following the recent decision by the Supreme Court of the United States in Learning Resources, Inc. v. Trump — which held that the International Emergency Economic Powers Act (IEEPA) does not authorize the executive branch to impose tariffs — the Georgia Chamber of Commerce has released an updated tariff report outlining the potential implications for Georgia’s business community.

Tariffs Briefing: February 23, 2026 – Impact of Supreme Court Tariff Ruling provides analysis on the Court’s ruling, its impact on existing and future trade policy, and key considerations for employers across the state.

The Georgia Chamber of Commerce said:

“Georgia businesses have remained resilient and nimble over the last year as trade and tariff policies have shifted. The Supreme Court’s decision creates an opportunity to re-evaluate overall tariff policy to increase affordability for families, create a level playing field for businesses, and deepen economic prosperity for our state.”

At a Glance:

• In a 6–3 decision, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the executive branch to impose tariffs, invalidating the legal basis for many tariffs implemented in 2025.
  
• More than $200 billion in tariffs have been collected under IEEPA authority. The Administration previously indicated that if the authority were struck down, the government would be required to refund duties collected and reliquidate seized merchandise, though the process and timeline remain unclear as the case returns to lower courts.
  
• Despite the ruling, new 15% global tariffs have been enacted under Section 122 of the Trade Act of 1974. Existing trade agreements and negotiations with key partners—including Mexico, China, South Korea, India, and the European Union—could shift rapidly, creating continued uncertainty for Georgia businesses.

The full tariff report can be found here or at gachamber.com.

###

Founded in 1911 and incorporated in 1915, the Georgia Chamber of Commerce is the largest business advocacy organization in Georgia, working to protect free enterprise and secure our long-term economic prosperity. The Georgia Chamber represents tens of thousands of members in every corner of the state, with offices in Atlanta, Brunswick, and Tifton. In 2025 the Georgia Chamber launched Georgia|2050, a strategic plan to ensure Georgia remains a beacon of economic opportunity for the next 25 years. For more information visit gachamber.com.