Last mentioned: Feb 22, 2026
Surcharge Expiration
The 150-day temporary surcharge period under Section 122 is set to expire unless renewed or replaced.
Expiration Date
The 150-day temporary allowance for the current 15% tariff is set to expire.
Tariff Implementation
The 10% global tariff officially takes effect for all trade partners.
Initial Response
Trump announces a 10% global levy using an alternative legal avenue.
Tariff Escalation
Rate is hiked to 15% after a 'thorough review' of the court's decision.
Supreme Court Ruling
SC rules 6-3 that IEEPA does not authorize the President to levy duties.
Executive Order Signed
Trump signs new order invoking Section 122 of the Trade Act of 1974.
SCOTUS Ruling
Supreme Court rules 6-3 against the administration's use of IEEPA for global tariffs.
President Trump has unilaterally increased the global import duty to 15%, bypassing a Supreme Court ruling that struck down his previous tariff regime. The move utilizes a temporary 150-day legal mechanism to maintain aggressive trade policies while sparking a constitutional confrontation with the judiciary.
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.