Kush Desai

Person

Last mentioned: Mar 6, 2026

Timeline

  1. Multi-State Lawsuit

    24 states file suit in the U.S. Court of International Trade to block new tariffs.

  2. Refund Order

    Judge rules companies are owed refunds for tariffs paid under the invalidated IEEPA framework.

  3. Section 122 Invoked

    Trump administration pivots to Section 122 to maintain 10% global tariffs.

  4. SCOTUS Ruling

    Supreme Court rules 6-3 that IEEPA tariffs exceed presidential authority.

  5. Record Revenue

    U.S. Treasury reports $287B in tariff collections for the fiscal year.

Stories mentioning Kush Desai 1

regulation Bearish

States Challenge Trump’s Section 122 Tariffs Following Supreme Court Defeat

A coalition of 24 states has filed a lawsuit against the Trump administration, alleging the president exceeded his constitutional authority by imposing global tariffs under a never-before-used provision of the Trade Act of 1974. The legal challenge follows a landmark Supreme Court ruling that struck down previous emergency duties, setting up a high-stakes confrontation over executive trade powers.

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