Last mentioned: 6h ago
Legislative Deadline
The 150-day temporary window for Section 122 tariffs expires.
Statutory Deadline
The 150-day window for Section 122 tariffs expires unless extended by Congress.
Expected Implementation
Tariffs expected to be collected at ports of entry almost immediately.
Effective Date
New 15% global tariffs are scheduled to begin enforcement.
Executive Order Signed
Trump signs 10% global tariff using Section 122 of U.S. trade law.
Rate Escalation
Trump announces on Truth Social the rate will increase to the 15% legal maximum.
Supreme Court Ruling
SCOTUS strikes down IEEPA-based tariffs in a 6-3 decision.
Initial Response
Trump signs a proclamation for a 10% tariff under Section 122.
SCOTUS Ruling
Supreme Court strikes down previous tariff authority in a 6-3 decision.
Following a Supreme Court ruling striking down previous import taxes, President Trump has invoked Section 122 of the 1974 Trade Act to impose a new 15% global tariff. This temporary measure bypasses the court's restriction for 150 days, creating immediate supply chain volatility for startups and global manufacturers.
President Trump has signed an executive order imposing a 10% global tariff on all imports, bypassing a restrictive Supreme Court ruling by utilizing Section 122 of U.S. trade law. The move creates an immediate 150-day window of increased costs for global supply chains, requiring Congressional approval for any long-term extension.