Last mentioned: Mar 6, 2026
Tariff Escalation
Administration signals intent to raise tariffs from 10% to 15%.
Multi-State Lawsuit
24 states file a formal challenge against the new global tariff structure.
State Lawsuit Filed
24 states sue over the use of Section 122 to impose new global tariffs.
Multi-State Lawsuit
24 states file suit in the U.S. Court of International Trade to block the tariffs.
Section 122 Invoked
Trump administration announces new 10% tariffs using the 1974 Trade Act.
CRS Report
Congressional Research Service highlights the lack of precedent for Section 122 usage.
SCOTUS Ruling
Supreme Court strikes down IEEPA-based tariffs in a 6-3 decision.
SCOTUS Ruling
Supreme Court strikes down IEEPA-based tariffs in a 6-3 decision.
SCOTUS Ruling
Supreme Court strikes down IEEPA-based tariffs in a 6-3 decision.
Record Revenue
U.S. customs duties reach $287 billion for the fiscal year.
Record Revenue
U.S. collects $287B in customs duties for the year, up 192%.
Revenue Surge
U.S. customs duties for the year hit $287 billion, up 192% YoY.
A coalition of 24 states has filed a lawsuit against the Trump administration, alleging that the newly imposed 10% global tariffs under Section 122 of the Trade Act of 1974 are unconstitutional. This legal challenge follows a Supreme Court ruling that invalidated previous tariffs, setting up a high-stakes battle over executive trade authority.
A coalition of 24 states has filed a lawsuit against the Trump administration, alleging that newly imposed 10% global tariffs under Section 122 of the Trade Act of 1974 are unconstitutional. The legal challenge follows a Supreme Court ruling that invalidated previous trade duties, sparking a high-stakes battle over executive authority and economic policy.
A coalition of 24 states has filed a lawsuit against the Trump administration, alleging that newly imposed 10% to 15% global tariffs exceed executive authority. The legal challenge centers on the unprecedented use of Section 122 of the Trade Act of 1974 following a Supreme Court ruling that invalidated previous emergency tariff measures.