Avery Shenfeld

Person

Last mentioned: 2d ago

Timeline

  1. Tariff Expiration Date

    The 150-day window for Section 122 tariffs expires unless Congress intervenes.

  2. SCOTUS Ruling

    The U.S. Supreme Court strikes down IEEPA tariffs as an illegal use of emergency powers.

  3. Section 122 Pivot

    Trump announces a new 10% global tariff via executive order under the 1974 Trade Act.

  4. IEEPA Tariffs Imposed

    Trump administration levies 35% reciprocal tariffs on global partners.

Stories mentioning Avery Shenfeld 1

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SCOTUS Strikes Down IEEPA Tariffs as Trump Pivots to Section 122 Duties

The U.S. Supreme Court has ruled that tariffs imposed under the International Emergency Economic Powers Act are illegal, nullifying 35% duties previously aimed at Canadian goods. However, President Trump immediately countered with a 10% global tariff under the 1974 Trade Act, creating new uncertainty for North American supply chains.

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