Recognized among the world’s leading international trade practices, Baker Botts provides a multidisciplinary approach to the most complex cross-border challenges. On February 20, 2026, the U.S. Supreme Court issued its decision in Learning Resources, Inc. et al v. Trump, ruling 6-3 that President Trump exceeded his statutory authority under the International Emergency Economic Powers Act (IEEPA). Read our summary here.

While the legal invalidation of IEEPA duties provides a mechanism to reclaim duties paid, it also marks a transition into a more fragmented and aggressive trade enforcement era and necessitates an immediate shift in corporate trade strategy.

To help clients navigate the shifting regulatory environment, Baker Botts has formed a multidisciplinary Tariff & Trade Strategy Task Force, a coordinated team of Global Projects, Litigation, Corporate and Tax lawyers who work together across jurisdictions to address the full spectrum of international trade challenges.