Section 122

Technology

Last mentioned: Mar 6, 2026

Timeline

  1. Multi-State Lawsuit

    24 states sue to block the new Section 122 tariffs, citing constitutional overreach.

  2. Multi-State Lawsuit

    24 states file a formal challenge against the new global tariff structure.

  3. Multi-State Lawsuit

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

  4. Refund Ruling

    A judge rules that companies are entitled to refunds for duties paid under the old framework.

  5. Section 122 Invoked

    Trump administration announces new 10% tariffs using the 1974 Trade Act.

  6. CRS Report

    Congressional Research Service highlights the lack of precedent for Section 122 usage.

  7. Section 122 Invoked

    Trump administration implements new 10% tariffs using the 1974 Trade Act.

  8. SCOTUS Ruling

    Supreme Court strikes down IEEPA-based tariffs in a 6-3 decision.

  9. SCOTUS Ruling

    Supreme Court strikes down IEEPA-based tariffs in a 6-3 decision.

  10. Supreme Court Ruling

    SCOTUS strikes down Trump's IEEPA-based tariffs in a 6-3 decision.

  11. Record Revenue

    U.S. customs duties reach $287 billion for the fiscal year.

  12. Revenue Surge

    U.S. customs duties for the year hit $287 billion, up 192% YoY.

Stories mentioning Section 122 3

regulation Bearish

States Sue Trump Administration Over Unprecedented Section 122 Global Tariffs

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.

2 sources
regulation Bearish

States Sue Trump Administration Over 'Unlawful' Section 122 Global Tariffs

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.

2 sources
market-trends Bearish

24 States Sue Trump Administration Over New 15% Global Tariffs

A coalition of 24 states has filed a lawsuit against the Trump administration, alleging the president exceeded his constitutional authority by imposing new global tariffs under Section 122 of the Trade Act of 1974. The legal challenge follows a Supreme Court ruling that struck down previous emergency duties, creating a high-stakes battle over executive power and consumer costs.

2 sources