U.S. Supreme Court

court

Last mentioned: 2d ago

Timeline

  1. Tariff Expiration Date

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

  2. CBP Enforcement Halt

    Expected deadline for U.S. Customs to cease all IEEPA-based duty collections.

  3. SCOTUS Final Decision

    Supreme Court invalidates IEEPA tariff authority in a 6-3 ruling.

  4. SCOTUS Ruling

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

  5. Section 122 Pivot

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

  6. CIT Preliminary Ruling

    Court of International Trade notes DOJ would not oppose refunds if tariffs are found unlawful.

  7. IEEPA Tariffs Imposed

    Trump administration levies 35% reciprocal tariffs on global partners.

  8. IEEPA Tariffs Imposed

    Trump Administration uses emergency powers to levy tariffs on Canada, Mexico, and China.

Stories mentioning U.S. Supreme Court 3

market-trends Neutral

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.

2 sources
market-trends Neutral

SCOTUS Strikes Down IEEPA Tariffs: A Multi-Billion Dollar Shift for Retailers

The U.S. Supreme Court's 6-3 ruling in Learning Resources, Inc. v. Trump has invalidated the executive branch's use of the International Emergency Economic Powers Act to unilaterally impose tariffs. This landmark decision halts the collection of duties on imports from major trade partners and opens the door for significant refund claims by e-commerce and retail importers.

2 sources