Last mentioned: 2d ago
150-Day Expiration
The initial legal window for the Section 122 surcharge expires, requiring renewal or new authority.
Tariffs Effective
The new 10% global tariff takes effect for all imports.
Section 122 Invocation
President Trump signs an executive order imposing a 10% global tariff surcharge under the Trade Act of 1974.
Supreme Court Ruling
SCOTUS strikes down IEEPA-based tariffs in a 6-3 decision, citing lack of explicit Congressional authorization.
Vance Response
VP JD Vance criticizes the court on X, claiming the ruling undermines the President's ability to protect American industry.
Supreme Court Ruling
SC rules 6-3 against the administration's use of IEEPA for broad import tariffs.
Executive Order Signed
Trump invokes Section 122 of the Trade Act of 1974 to impose a 10% global tariff.
Following a landmark 6-3 Supreme Court ruling striking down the use of emergency powers for broad import duties, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a 10% global tariff. The move shifts the legal basis for his protectionist agenda while temporarily lowering rates for some partners like India from previously negotiated levels.
The U.S. Supreme Court has struck down the administration's use of the International Emergency Economic Powers Act (IEEPA) to levy broad-based tariffs, ruling the move exceeded executive authority. In response, President Trump immediately invoked Section 122 of the Trade Act of 1974 to impose a new 10% global tariff surcharge.