# Trade Act of 1974 Type: Technology Source: GetYourBrief — https://getyourbrief.com/entity/trade-act-of-1974-technology Canonical HTML page: https://getyourbrief.com/entity/trade-act-of-1974-technology ## Timeline - **2026-07-24**: Surcharge Expiration — The 150-day temporary surcharge period under Section 122 is set to expire unless renewed or replaced. - **2026-07-24**: 150-Day Expiration — The initial legal window for the Section 122 surcharge expires, requiring renewal or new authority. - **2026-07-24**: Statutory Expiration — The 150-day window for Section 122 authority expires unless renewed or modified. - **2026-07-21**: Projected Expiration — The 150-day statutory limit for Section 122 tariffs is reached unless extended by Congress. - **2026**: Anticipated Appeal — The DOJ is expected to file for a stay and appeal the CIT's refund mandate. - **2026-06-11**: Federal Circuit Stays Lower Court — The Court of Appeals for the Federal Circuit stays the lower court ruling, allowing collection to continue while appeal proceeds, and says the government is likely to win on the merits. - **2026-05-14**: Trade Court Rules Tariffs Illegal — A 2-1 panel of the Court of International Trade finds the tariffs “invalid” and “unauthorized by law” in a lawsuit brought by small businesses. - **2026-03-15**: Expected Proclamation — President Trump expected to sign a formal proclamation implementing the 15% global tariff rate. - **2026-03-05**: Multi-State Lawsuit — 24 states file a formal challenge against the new global tariff structure. - **2026-03-05**: Multi-State Lawsuit — 24 states file suit in the U.S. Court of International Trade to block the new tariffs. - **2026-03-04**: CIT Refund Order — The Court of International Trade mandates automatic refunds for IEEPA duties paid. - **2026-03 (expected)**: Presidential Proclamation — Formal signing of the new tariff regime under Section 122 authority. - **2026-02-25**: Greer Policy Confirmation — USTR Jamieson Greer confirms China tariffs will stay at 35-50% to maintain market stability. - **2026-02-25**: Greer Clarification — USTR Jamieson Greer confirms China tariffs will stay at 35-50% for continuity. - **2026-02-24**: Effective Date — The new 10% global tariff officially takes effect for all imports entering the United States. ## Recent coverage (17 stories, network-wide) ### Import Costs Stuck at 10%: Court Keeps Tariff Until at Least July 24 2026-06-12 00:30:24 · Sector: supply · Sentiment: Negative · Impact: 6/10 · Sources: 4 A federal appeals court allows the 10% global tariff to remain on all imports until its July 24 expiration, prolonging cost pressure on supply chains. Logistics and procurement teams face continued uncertainty with only weeks left before the tariff’s scheduled sunset. Full story: https://getsupplybrief.com/story/supply-chain-10-percent-import-tariff-stay-2026 ### Retailers Face 10% Import Tax Until at Least July 24 After Court Decision 2026-06-12 00:30:17 · Sector: retail · Sentiment: Negative · Impact: 6/10 · Sources: 4 The Federal Circuit’s stay keeps a 10% duty on all imported consumer goods, raising costs for retailers and threatening higher shelf prices. With the tariff set to expire in weeks, uncertainty clouds inventory planning for the holiday season. Full story: https://getretailbrief.com/story/retail-import-costs-10-percent-tariff-court-ruling-2026 ### Stay Keeps 10% Tariffs Alive: Fed. Circuit Says Section 122 Likely Valid 2026-06-12 00:30:10 · Sector: legal · Sentiment: Negative · Impact: 6/10 · Sources: 4 A Federal Circuit stay preserves Trump’s 10% global tariff, finding the government likely to prevail on its novel interpretation of the Trade Act. The decision tests whether trade deficits are “fundamental international payments problems,” with major implications for executive tariff authority. Full story: https://getlegalbrief.com/story/section-122-stay-tariffs-federal-circuit-likely-success ### Tariff Uncertainty Lingers: Court Stays 10% Duty, Investors Weigh Cost 2026-06-12 00:30:02 · Sector: finance · Sentiment: Negative · Impact: 6/10 · Sources: 4 A Federal Circuit ruling maintains the 10% worldwide tariff, prolonging trade‑policy uncertainty that could weigh on equities, boost the dollar, and feed inflation concerns. Markets now eye the July 24 expiration and potential congressional extension. Full story: https://getfinancebrief.com/story/financial-markets-10-percent-global-tariff-stay-impact ### 24 States Challenge Trump's Section 122 Tariffs Following SCOTUS Defeat 2026-03-06 00:31:52 · Sector: retail · Sentiment: Negative · Impact: 8/10 · Sources: 2 A coalition of 24 states has filed a lawsuit against the Trump administration's new 10% global tariffs, alleging an unconstitutional overreach of executive power. 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 tariff measures. Full story: https://getretailbrief.com/story/states-sue-trump-administration-section-122-tariffs ### States Sue Trump Administration Over 'Unlawful' Section 122 Global Tariffs 2026-03-06 00:31:14 · Sector: legal · Sentiment: Negative · Impact: 8/10 · Sources: 2 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. Full story: https://getlegalbrief.com/story/states-sue-trump-section-122-tariffs ### CIT Orders Automatic Refunds for IEEPA Tariffs Amid Legal Shift 2026-03-05 20:40:18 · Sector: finance · Sentiment: Neutral · Impact: 6/10 · Sources: 2 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. Full story: https://getfinancebrief.com/story/ieepa-tariff-refunds-cit-order ### US to Maintain 35-50% China Tariffs as Trump Pivots to New Legal Authority 2026-02-26 00:17:41 · Sector: startups · Sentiment: Neutral · Impact: 8/10 · Sources: 2 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. Full story: https://getstartupbrief.com/story/us-china-tariffs-continuity-section-122 ### US to Maintain China Tariffs at 35-50% Amid Legal Shift and Xi Meeting 2026-02-26 00:17:03 · Sector: retail · Sentiment: Neutral · Impact: 8/10 · Sources: 2 The Trump administration will maintain existing China tariffs between 35% and 50% to ensure market continuity following a Supreme Court ruling that invalidated previous legal justifications. US Trade Representative Jamieson Greer confirmed the move as a strategic baseline ahead of a high-stakes summit between President Trump and President Xi Jinping. Full story: https://getretailbrief.com/story/us-china-tariffs-continuity-trump-xi-summit ### Trump Pivots to Trade Act for 10% Global Tariff After Supreme Court Defeat 2026-02-21 04:31:11 · Sector: finance · Sentiment: Negative · Impact: 8/10 · Sources: 2 President Trump has signed an executive order imposing a 10% global tariff by invoking Section 122 of the Trade Act of 1974, following a landmark Supreme Court ruling that invalidated his previous use of emergency powers. The move recalibrates trade relations with key partners like India while setting up a new 150-day window of economic uncertainty. Full story: https://getfinancebrief.com/story/trump-global-tariff-section-122-supreme-court-ruling ### Trump Pivots to Section 122 for 10% Global Tariff After Supreme Court Defeat 2026-02-21 04:30:38 · Sector: retail · Sentiment: Negative · Impact: 8/10 · Sources: 2 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. Full story: https://getretailbrief.com/story/trump-global-tariff-section-122-retail-impact ### Trump Pivots to Section 122 for 10% Global Tariff After Supreme Court Defeat 2026-02-21 04:25:33 · Sector: supply · Sentiment: Negative · Impact: 8/10 · Sources: 2 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. Full story: https://getsupplybrief.com/story/trump-section-122-global-tariff-india-impact ### Trump Pivots to 1974 Trade Act for 10% Tariff After SCOTUS Defeat 2026-02-21 04:25:00 · Sector: legal · Sentiment: Negative · Impact: 8/10 · Sources: 2 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. Full story: https://getlegalbrief.com/story/trump-global-tariff-trade-act-1974-scotus-ruling ### Vance Slams 'Lawless' Court as Trump Pivots to New Global Tariff Authority 2026-02-21 00:28:23 · Sector: finance · Sentiment: Negative · Impact: 8/10 · Sources: 2 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. Full story: https://getfinancebrief.com/story/supreme-court-strikes-down-ieepa-tariffs-trump-pivot ### Supreme Court Curbs Tariff Powers; White House Pivots to Trade Act Surcharges 2026-02-21 00:27:49 · Sector: retail · Sentiment: Negative · Impact: 8/10 · Sources: 2 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. Full story: https://getretailbrief.com/story/supreme-court-tariff-ruling-trump-response ### Supreme Court Strikes Down IEEPA Tariffs; Trump Pivots to Section 122 2026-02-21 00:27:44 · Sector: supply · Sentiment: Negative · Impact: 8/10 · Sources: 2 The US Supreme Court ruled 6-3 that the executive branch cannot use the IEEPA to impose broad-based tariffs, leading the Trump administration to immediately pivot to Section 122 of the Trade Act of 1974. This shift introduces a 10% global tariff surcharge and a new 150-day window of regulatory uncertainty for global supply chains. Full story: https://getsupplybrief.com/story/supreme-court-strikes-down-ieepa-tariffs-trump-pivots ### SCOTUS Strikes Down IEEPA Tariffs; Trump Pivots to Trade Act Section 122 2026-02-21 00:27:10 · Sector: legal · Sentiment: Negative · Impact: 8/10 · Sources: 2 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. Full story: https://getlegalbrief.com/story/scotus-strikes-down-ieepa-tariffs-trump-pivot --- This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getyourbrief.com/guides/methodology for the full editorial methodology.