Last mentioned: 6h ago
Legislative Deadline
The 150-day temporary window for Section 122 tariffs expires.
Effective Date
New 15% global tariffs are scheduled to begin enforcement.
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.
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.
The AI Impact Summit 2026 concluded with 88 nations, including the U.S. and China, endorsing a landmark framework for trusted and resilient artificial intelligence. The New Delhi Declaration establishes seven core pillars for global cooperation, focusing on the democratization of AI resources and human capital development.