Section 122 of the Trade Act of 1974

Technology

Last mentioned: 6h ago

Timeline

  1. Legislative Deadline

    The 150-day temporary window for Section 122 tariffs expires.

  2. Effective Date

    New 15% global tariffs are scheduled to begin enforcement.

  3. Rate Escalation

    Trump announces on Truth Social the rate will increase to the 15% legal maximum.

  4. Supreme Court Ruling

    SCOTUS strikes down IEEPA-based tariffs in a 6-3 decision.

  5. Initial Response

    Trump signs a proclamation for a 10% tariff under Section 122.

Stories mentioning Section 122 of the Trade Act of 1974 1

Policy Bearish

Trump Pivots to 15% Global Tariffs After Supreme Court Rebuffs Trade Powers

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.

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