Last mentioned: 3h ago
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.
Executive Order Signed
Trump signs 10% global tariff using Section 122 of U.S. trade law.
SCOTUS Ruling
Supreme Court strikes down previous tariff authority in a 6-3 decision.
Parliamentary Review
Bernd Lange calls for a hold on legislative work regarding the U.S. trade agreement.
EU Statement
European Commission issues a formal demand for the U.S. to honor the 'Joint Statement' trade deal.
Tariff Hike
President Trump announces a 15% global duty on imports despite the court ruling.
Diplomatic Outreach
Maros Sefcovic speaks with Jamieson Greer and Howard Lutnick to seek clarity.
SCOTUS Ruling
U.S. Supreme Court rules much of the administration's international tariff campaign is illegal under IEEPA.
The European Commission has called on the United States to uphold its existing trade agreements following President Trump’s decision to implement a 15% global import duty. This move, occurring immediately after a Supreme Court ruling against the administration’s tariff authority, has injected significant volatility into transatlantic trade relations and global supply chains.
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.