Last mentioned: Feb 24, 2026
Expected Ruling
Anticipated timeframe for a final Supreme Court decision on the preemption issue.
Expected Arguments
Anticipated timeframe for oral arguments before the Supreme Court.
Tariff Expiration
Projected expiration of Section 122 tariffs unless Congressional extension is granted.
Tariff Expiration Date
The 150-day window for Section 122 tariffs expires unless Congress intervenes.
150-Day Deadline
The Section 122 tariffs will expire unless Congress votes to extend them beyond this date.
Refund Filing Window
Importers begin filing administrative claims and litigation for duty recovery via the CIT.
CBP Enforcement Halt
Expected deadline for U.S. Customs to cease all IEEPA-based duty collections.
Asian Markets Reopen
Markets in China and Japan reopen to a weakened dollar and renewed trade volatility.
Asia Markets Reopen
China and Japan markets reopen to a weaker dollar and renewed trade turmoil.
EU Trade Deal Stalled
European Parliament decides to postpone a vote on the EU-U.S. trade agreement.
EU Trade Delay
European Parliament decides to postpone a vote on the EU-U.S. trade deal.
SCOTUS Certiorari
The U.S. Supreme Court agrees to hear the oil companies' appeal to toss the suit.
SCOTUS Intervention
The U.S. Supreme Court officially agrees to take up the appeal from the oil companies.
SCOTUS Intervention
U.S. Supreme Court agrees to take up the companies' appeal to dismiss the case.
CBP Collection Halt
Customs and Border Protection must cease collection of duties imposed solely under IEEPA authority.
Section 122 Implementation
The administration prepares an executive order to levy tariffs under the 1974 Trade Act.
Tariff Hike Announced
President Trump raises temporary tariffs from 10% to 15% following the SCOTUS ruling.
Tariff Hike Announced
Trump announces increase of temporary tariffs from 10% to 15% following SCOTUS ruling.
SCOTUS Ruling
The Supreme Court issues a 6-3 decision invalidating the tariffs and limiting the scope of IEEPA.
SCOTUS Ruling
The Supreme Court issues a 6-3 decision invalidating the use of IEEPA for broad-based global tariffs.
The U.S. Supreme Court has agreed to hear an appeal from ExxonMobil and Suncor Energy seeking to dismiss a climate change lawsuit brought by Boulder, Colorado. This pivotal case could determine the viability of dozens of similar state-level lawsuits seeking billions in damages from the fossil fuel industry.
The U.S. Supreme Court has granted a petition by ExxonMobil and Suncor Energy to review a lower court ruling that allowed climate-related lawsuits from Colorado local governments to proceed. This decision marks a critical turning point for dozens of similar cases nationwide seeking to hold fossil fuel companies financially liable for climate change impacts.
The U.S. Supreme Court has agreed to hear a pivotal appeal by ExxonMobil and Suncor Energy seeking to dismiss climate change litigation brought by Boulder, Colorado. The ruling will determine if local governments can use state law to hold fossil fuel companies liable for climate-related damages, a decision that could neutralize dozens of similar cases nationwide.
The U.S. dollar is under pressure following a Supreme Court ruling that limited President Trump's emergency tariff powers, triggering a retaliatory 15% blanket tariff hike. Global markets are bracing for renewed trade volatility as the administration targets key industrial sectors with national security duties.
A U.S. Supreme Court decision striking down emergency tariffs has sparked a trade policy crisis, with President Trump retaliating by raising duties to the legal maximum. The resulting regulatory uncertainty has stalled international trade deals and weakened the U.S. dollar as markets brace for a new wave of protectionism.
The U.S. Supreme Court has ruled that President Trump's use of emergency powers to levy broad tariffs was illegal, providing a temporary reprieve for trade partners. However, the administration immediately countered with a new 10% global tariff plan under the 1974 Trade Act, creating fresh uncertainty for Canadian exporters and CUSMA protections.
The U.S. Supreme Court has ruled that tariffs imposed under the International Emergency Economic Powers Act are illegal, nullifying 35% duties previously aimed at Canadian goods. However, President Trump immediately countered with a 10% global tariff under the 1974 Trade Act, creating new uncertainty for North American supply chains.
The U.S. Supreme Court has ruled that President Trump’s use of the International Emergency Economic Powers Act to levy broad tariffs was illegal, providing a temporary reprieve for global trade partners. However, the administration immediately countered with a new 10% global tariff under Section 122 of the 1974 Trade Act, creating fresh uncertainty for Canadian exporters and the CUSMA framework.
The U.S. Supreme Court has ruled 6-3 that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) are illegal, nullifying President Trump's previous 35% levies. While Canadian CUSMA-compliant exports remain largely unaffected, Trump's immediate pivot to Section 122 of the 1974 Trade Act introduces new 150-day global tariffs and fresh regulatory uncertainty.
The U.S. Supreme Court ruled 6-3 that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs, returning that power to Congress. This landmark decision invalidates 2025 trade measures and sets the stage for importers to reclaim billions of dollars in duties.
The U.S. Supreme Court's 6-3 ruling in Learning Resources, Inc. v. Trump has invalidated the executive branch's use of the International Emergency Economic Powers Act to unilaterally impose tariffs. This landmark decision halts the collection of duties on imports from major trade partners and opens the door for significant refund claims by e-commerce and retail importers.
The U.S. Supreme Court ruled 6-3 that the International Emergency Economic Powers Act does not authorize the President to impose tariffs. This landmark decision invalidates 2025 trade measures and creates a complex pathway for importers to reclaim billions in duties.
The U.S. Supreme Court has ruled that the International Emergency Economic Powers Act (IEEPA) does not grant the President authority to impose tariffs, invalidating measures introduced in 2025. This decision reinforces Congressional taxing authority and opens the door for importers to seek billions of dollars in refunds for duties collected under the now-voided executive actions.
The U.S. Supreme Court has invalidated President Trump's use of the 1977 International Emergency Economic Powers Act to impose broad global tariffs, ruling 6-3 that such authority rests with Congress. This decision significantly restricts the executive branch's ability to bypass legislative oversight for trade policy under the guise of national emergencies.
The U.S. Supreme Court has ruled 6-3 against the use of the 1977 International Emergency Economic Powers Act to impose broad global tariffs. This decision significantly limits executive authority over trade and provides immediate relief to retailers facing surging landed costs.
The U.S. Supreme Court has issued a landmark 6-3 ruling invalidating the use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose broad global tariffs. This decision significantly curtails executive authority over trade policy, providing immediate relief and long-term legal certainty for global supply chains.
The U.S. Supreme Court has invalidated President Trump's use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose broad global tariffs. In a 6-3 decision, the court ruled that the executive branch exceeded its delegated authority, reasserting Congressional control over international trade policy.