Last mentioned: 6h ago
Legislative Deadline
The 150-day temporary window for Section 122 tariffs expires.
Tariff Review Deadline
End of the 150-day period and expected conclusion of trade practice investigations.
Effective Date
New 15% global tariffs are scheduled to begin enforcement.
10% Tariff Implementation
New global tariffs take effect for a 150-day window.
Rate Escalation
Trump announces on Truth Social the rate will increase to the 15% legal maximum.
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.
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 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.