# Section 122 of the Trade Act of 1974

Type: Technology

Source: Retail Intelligence Brief — https://getretailbrief.com/entity/section-122-of-the-trade-act-of-1974
Canonical HTML page: https://getretailbrief.com/entity/section-122-of-the-trade-act-of-1974

## Timeline

- **2026-07-24**: Expiration Deadline — Section 122 tariffs expire unless Congress grants formal approval for extension.
- **2026-02-24**: Implementation Date — New 15% global tariffs scheduled to go into effect for all US imports.
- **2026-02-21**: Tariff Escalation — Trump announces on Truth Social that the rate will increase to 15%.
- **2026-02-20**: SCOTUS Ruling — Supreme Court strikes down IEEPA-based tariffs as unconstitutional.
- **2026-02-20**: Initial Pivot — Trump signs a proclamation for a 10% replacement tariff under Section 122.

## Recent coverage (1 stories)

### Trump Escalates Global Tariffs to 15% Following Supreme Court Reversal
2026-02-23 00:12:13 · Sentiment: Negative · Impact: 8/10 · Sources: 5

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.
Full story: https://getretailbrief.com/story/trump-global-tariffs-15-percent-scotus-ruling

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