Last mentioned: Mar 6, 2026
Surcharge Expiration
The 150-day temporary surcharge period under Section 122 is set to expire unless renewed or replaced.
150-Day Expiration
The initial legal window for the Section 122 surcharge expires, requiring renewal or new authority.
Anticipated Appeal
The DOJ is expected to file for a stay and appeal the CIT's refund mandate.
Expected Proclamation
President Trump expected to sign a formal proclamation implementing the 15% global tariff rate.
Multi-State Lawsuit
24 states file a formal challenge against the new global tariff structure.
CIT Refund Order
The Court of International Trade mandates automatic refunds for IEEPA duties paid.
Greer Clarification
USTR Jamieson Greer confirms China tariffs will stay at 35-50% for continuity.
Effective Date
The new 10% global tariff officially takes effect for all imports entering the United States.
Tariff Implementation
The 10% global tariff officially takes effect for all trade partners.
Tariffs Effective
The new 10% global tariff takes effect for all imports.
New Executive Order
President Trump signs an order for a 10% global tariff under Section 122 of the Trade Act of 1974.
Section 122 Invocation
President Trump signs an executive order imposing a 10% global tariff surcharge under the Trade Act of 1974.
Section 122 Pivot
President Trump announces a 10% global tariff using Section 122 of the Trade Act of 1974 to bypass the ruling.
White House Clarification
Officials confirm the 10% rate replaces previous higher tariffs for partners like India until further notice.
SCOTUS Ruling Issued
The Supreme Court strikes down the use of IEEPA for broad-based tariffs in a 6-3 decision.
Executive Response
VP JD Vance criticizes the court on social media, calling the decision an act of lawlessness.
Supreme Court Ruling
SCOTUS strikes down IEEPA-based tariffs in a 6-3 decision, citing lack of explicit Congressional authorization.
Vance Response
VP JD Vance criticizes the court on X, claiming the ruling undermines the President's ability to protect American industry.
Supreme Court Ruling
The Court strikes down broad IEEPA tariffs in a 6-3 decision, citing lack of explicit Congressional authorization.
Vance Response
VP JD Vance issues a statement on X criticizing the court for 'lawlessness' and hindering industrial protection.
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.
The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to begin automatically refunding duties collected under the International Emergency Economic Powers Act. This landmark ruling follows a Supreme Court decision striking down the tariffs and creates a complex administrative path for importers seeking to recover capital.
The Trump administration will hold China-specific tariffs steady between 35% and 50% despite a Supreme Court ruling striking down previous trade levies. USTR Jamieson Greer confirmed the pivot to Section 122 of the Trade Act of 1974 to maintain trade pressure ahead of a critical summit with President Xi Jinping.
Following a landmark 6-3 Supreme Court ruling striking down the use of emergency powers for broad import duties, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a 10% global tariff. The move shifts the legal basis for his protectionist agenda while temporarily lowering rates for some partners like India from previously negotiated levels.
Following a Supreme Court ruling that struck down the use of emergency powers for trade levies, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a 10% global tariff. The move recalibrates trade costs for partners like India and introduces a 150-day window of heightened supply chain volatility.
Following a landmark 6-3 Supreme Court ruling that curtailed executive authority under the IEEPA, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a new 10% global tariff. The move attempts to bypass constitutional restrictions on the executive's power to levy duties while maintaining a protectionist stance toward trade partners like India.
The U.S. Supreme Court has struck down broad-based tariffs imposed under the International Emergency Economic Powers Act, ruling 6-3 that the executive branch exceeded its authority. In response, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a temporary 10% global tariff.
The U.S. Supreme Court has struck down the administration's use of the International Emergency Economic Powers Act (IEEPA) to levy broad-based tariffs, ruling the move exceeded executive authority. In response, President Trump immediately invoked Section 122 of the Trade Act of 1974 to impose a new 10% global tariff surcharge.
The U.S. Supreme Court ruled 6-3 that the executive branch exceeded its authority by using the International Emergency Economic Powers Act to impose broad tariffs. In a swift response, Vice President JD Vance condemned the decision while President Trump invoked Section 122 of the Trade Act of 1974 to implement a new 10% global tariff.