Last mentioned: 2d ago
Tariff Review Deadline
End of the 150-day period and expected conclusion of trade practice investigations.
10% Tariff Implementation
New global tariffs take effect for a 150-day window.
Supreme Court Ruling
The court strikes down the use of IEEPA for global tariffs in a 6-3 decision.
Trump Press Conference
President denounces the court and announces a pivot to the Trade Expansion Act of 1962.
The U.S. Supreme Court struck down President Trump’s use of emergency powers to levy global tariffs in a landmark 6-3 decision. Trump immediately retaliated by invoking the Trade Expansion Act of 1962 to impose a 10% across-the-board tariff for 150 days.