Last mentioned: 6h ago
Expiration Deadline
Section 122 tariffs expire unless Congress grants formal approval for extension.
Implementation Date
Scheduled start date for the new global tariff regime according to White House fact sheets.
Implementation Date
New 15% global tariffs scheduled to go into effect for all US imports.
Escalation to 15%
Trump raises the tariff rate to the legal maximum of 15% via a social media post.
Tariff Escalation
Trump announces on Truth Social that the rate will increase to 15%.
Supreme Court Ruling
The high court strikes down the administration's use of emergency powers to impose reciprocal tariffs.
10% Tariff Announcement
Trump announces a 10% across-the-board global tariff in response to the court's decision.
SCOTUS Ruling
Supreme Court strikes down IEEPA-based tariffs as unconstitutional.
Initial Pivot
Trump signs a proclamation for a 10% replacement tariff under Section 122.
Following a Supreme Court ruling that invalidated previous trade levies, President Trump has announced a new 15% global tariff under the 1974 Trade Act. The move creates immediate supply chain volatility and potential for $130 billion in corporate tax refunds.
President Trump has escalated a proposed global tariff from 10% to 15% using Section 122 of the 1974 Trade Act. The move follows a Supreme Court ruling that blocked his previous use of emergency powers for trade duties.