Last mentioned: 2h ago
Implementation
Tariffs expected to take effect at U.S. ports of entry.
Anticipated Legislative Review
Congress is expected to begin reviewing existing tariff structures to align with the new judicial precedent.
Statutory Deadline
150-day limit for Section 122 tariffs expires unless extended by Congress.
Statutory Deadline
The 150-day window for Section 122 tariffs expires unless extended by Congress.
Statutory Deadline
The 150-day window for Section 122 tariffs expires unless extended by Congress.
Geneva Summit
Scheduled meeting between Abbas Araghchi and Steve Witkoff to discuss the nuclear draft.
Geneva Summit
Scheduled meeting between Araghchi and Witkoff to discuss the nuclear proposal.
Geneva Summit
Scheduled meeting between Iranian officials and U.S. envoy Steve Witkoff.
Geneva Summit
Scheduled meeting between Iranian officials and U.S. envoy Steve Witkoff.
Geneva Summit
Scheduled meeting between Abbas Araghchi and Steve Witkoff to discuss nuclear terms.
Expected Implementation
Tariffs projected to take effect at U.S. ports of entry.
Expected Implementation
Tariffs expected to be collected at ports of entry almost immediately.
Legislative Vote
Scheduled European Parliament vote on the trade deal faces potential postponement.
Parliament Vote
Scheduled vote for the EU-US trade deal in the European Parliament (now in doubt).
Scheduled Vote
Original date for the European Parliament trade committee to approve the EU-US deal (now in doubt).
EU Response
European Commission demands clarity and warns of market disruption.
Parliamentary Pause
Bernd Lange calls for a halt on EU-US trade deal legislation in the European Parliament.
Parliament Deliberation
Bernd Lange to call for a pause on legislative work regarding the EU-US trade deal.
Effective Date
Tariffs expected to take effect 'almost immediately' for all incoming imports.
SCOTUS Ruling Issued
The US Supreme Court delivers a major defeat to the administration's tariff-imposing authority.
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.
The U.S. faces a dual-front crisis as the Supreme Court strikes down emergency tariff powers, prompting President Trump to retaliate with a 15% global levy. Simultaneously, Iran signals a potential diplomatic breakthrough in Geneva despite the largest U.S. military buildup in the Middle East since 2003.
The U.S. Supreme Court has invalidated the administration's use of emergency powers to impose tariffs, prompting President Trump to announce a replacement 15% global tariff. Meanwhile, high-stakes diplomatic talks with Iran are scheduled for Geneva this Thursday amid a massive U.S. military buildup in the Middle East.
The U.S. Supreme Court has invalidated the administration's use of emergency powers to impose broad trade tariffs, prompting President Trump to immediately announce a 15% global tariff. Simultaneously, high-stakes nuclear negotiations with Iran are reaching a critical juncture in Geneva against the backdrop of a massive U.S. military buildup.
The United States has deployed its largest military force to the Middle East since the 2003 invasion of Iraq, creating a high-pressure backdrop for upcoming nuclear negotiations in Geneva. Simultaneously, the Trump administration is pivoting to a 15% global tariff strategy after the Supreme Court struck down its emergency trade powers.
The U.S. Supreme Court has struck down the executive branch's use of emergency laws to impose broad tariffs, forcing a pivot to a new 15% global tariff framework. Simultaneously, the U.S. is engaging in high-stakes diplomacy with Iran in Geneva, backed by a massive military buildup, to secure a new nuclear agreement.
The European Commission has issued a stern demand for the United States to uphold its bilateral trade commitments following President Trump's announcement of a 15% global import duty. The move comes immediately after a U.S. Supreme Court ruling limited the administration's tariff powers, creating a fresh wave of volatility in transatlantic relations.
Following a Supreme Court ruling against his trade policy, President Trump has implemented a 15% global import duty, prompting the EU to demand adherence to prior trade agreements. The move has injected fresh volatility into transatlantic relations and threatens to stall major trade legislation in the European Parliament.
The European Commission is urging the United States to uphold a bilateral trade agreement following President Trump's decision to implement a 15% global import duty. This move comes immediately after a US Supreme Court ruling against the administration's use of emergency powers for tariffs, creating significant volatility for international supply chains.
The European Commission is demanding clarity from Washington after President Trump imposed a 15% global tariff hike immediately following a Supreme Court ruling that curtailed his trade powers. The move threatens a fragile year-old trade agreement and has prompted the European Parliament to consider freezing legislative work on the deal.
US Trade Representative Jamieson Greer clarified that existing bilateral trade agreements remain legally sound despite a Supreme Court ruling against the administration's broader tariff policies. The statement aims to reassure global markets and trading partners that negotiated deals will not be unraveled by the judicial setback.
The US Supreme Court's ruling against the Trump administration's unilateral tariff authority has created a legal vacuum, but USTR Jamieson Greer confirms that existing bilateral trade agreements remain legally binding. This development signals a shift from executive-led trade mandates to a more negotiated, treaty-based approach for e-commerce and retail supply chains.
US Trade Representative Jamieson Greer confirmed that specific bilateral trade agreements remain in effect despite a recent Supreme Court ruling against the administration's broader tariff policies. This provides a critical layer of certainty for supply chain managers navigating a volatile regulatory landscape.
US Trade Representative Jamieson Greer has confirmed that bilateral trade agreements remain legally binding despite a recent Supreme Court ruling against the administration's tariff authority. The statement aims to provide market certainty and prevent the unraveling of complex international trade frameworks.
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.
President Donald Trump has signed an executive order imposing a 10% global tariff on all imports, pivoting to Section 122 of the Trade Act of 1974 after the Supreme Court struck down his previous trade measures. The new order is designed to take effect almost immediately, though it carries a 150-day statutory limit unless extended by Congress.
President Trump has signed an executive order imposing a blanket 10% global tariff on all imports, pivoting to Section 122 of U.S. trade law after the Supreme Court curtailed his previous authority. The move, effective almost immediately, creates a 150-day window of heightened costs for all international supply chains without the possibility of country-specific exemptions.
President Trump has signed an executive order imposing a 10% global tariff on all imports, leveraging Section 122 of the Trade Act of 1974. This move follows a 6-3 Supreme Court ruling that invalidated previous tariffs enacted under emergency powers, forcing a strategic shift in the administration's trade enforcement mechanism.