Last mentioned: 1d ago
Implementation Date
Scheduled start date for the new global tariff regime according to White House fact sheets.
Escalation to 15%
Trump raises the tariff rate to the legal maximum of 15% via a social media post.
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.
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.
The US Supreme Court has ruled 6-3 against President Trump’s sweeping reciprocal tariffs, citing a lack of congressional authority. While the decision sparked a record-breaking rally for the Stoxx 600, Trump has already retaliated by announcing a new 10% global tariff under Section 122.