Last mentioned: Mar 25, 2026
Expiration Deadline
Section 122 tariffs expire unless Congress grants formal approval for extension.
Legislative Deadline
The 150-day temporary window for Section 122 tariffs expires.
Expected Ruling
The Supreme Court is expected to issue a final decision by the end of its current term.
SCOTUS Oral Arguments
The US Supreme Court hears arguments in the appeal of the lower court's ruling against metering.
Implementation Date
Scheduled start date for the new temporary 15% global import levy.
Implementation Date
The new global tariffs are scheduled to go into effect for all US imports.
Implementation Date
New 15% global tariffs scheduled to go into effect for all US imports.
Effective Date
New 15% global tariffs are scheduled to begin enforcement.
Implementation
The new 15% duty takes effect at 12:01 am EST as CBP halts collection of invalidated IEEPA tariffs.
Implementation Deadline
New 15% duties take effect as CBP stops collecting invalidated IEEPA tariffs.
Implementation
New 15% tariffs take effect at 12:01 AM EST; IEEPA collections officially cease.
Supreme Court Ruling & Warning
SCOTUS strikes down IEEPA tariffs; Trump warns countries not to 'play games' and EU postpones trade vote.
EU Postponement
European Parliament delays a vote on the U.S. trade deal in response to tariff uncertainty.
EU Postponement
The European Parliament delays a vote on the U.S. trade deal in response to the new 15% duty.
Tariff Escalation
The administration raises the proposed Section 122 duty to the 15% statutory maximum.
Refund Demands
Governors Newsom and Pritzker demand immediate repayment of $130B+ to taxpayers.
Refund Demands
Governors Newsom and Pritzker demand immediate repayment of $130B to taxpayers.
Refund Demands
Governors Newsom and Pritzker demand immediate repayment of $130B to taxpayers.
Presidential Reaction
President Trump holds a White House briefing calling the ruling 'disgraceful' and hinting at a backup plan.
Section 122 Pivot
Trump announces new 15% global tariff using the 1974 Trade Act balance-of-payments provision.
The US Supreme Court signaled a likely victory for the Trump administration in a case concerning the 'metering' of asylum seekers at the US-Mexico border. The justices' questioning focused on the legal definition of 'arriving' in the US, potentially granting the government broad authority to delay processing claims when border facilities are over capacity.
The US Supreme Court has invalidated President Trump’s global tariff regime, prompting the administration to assert an 'absolute right' to implement trade barriers through alternative legal channels. This development signals a shift from broad executive mandates to more complex, sector-specific regulatory enforcement, creating a volatile environment for international trade compliance.
President Trump has warned global trade partners against abandoning agreements following a Supreme Court ruling that struck down his emergency tariffs. In a strategic pivot, the administration is now leveraging Section 122 of the Trade Act of 1974 to impose a 15% import duty, signaling a more aggressive trade stance.
Following a Supreme Court ruling striking down his signature tariff regime, President Trump has pivoted to Section 122 of the Trade Act of 1974 to impose a 15% temporary import duty. The administration warned international partners against renegotiating trade deals, threatening even higher penalties for countries that 'play games' with the new legal landscape.
Following a Supreme Court ruling invalidating tariffs under the International Emergency Economic Powers Act, President Trump has pivoted to Section 122 of the Trade Act of 1974. The administration is imposing a 15% temporary import duty while warning global trading partners against abandoning existing agreements.
Following a Supreme Court ruling striking down previous import taxes, President Trump has invoked Section 122 of the 1974 Trade Act to impose a new 15% global tariff. This temporary measure bypasses the court's restriction for 150 days, creating immediate supply chain volatility for startups and global manufacturers.
Following a Supreme Court ruling that invalidated previous trade levies, President Trump has announced a new 15% global tariff under the 1974 Trade Act. The move creates immediate supply chain volatility and potential for $130 billion in corporate tax refunds.
Following a Supreme Court ruling that struck down previous import taxes, President Trump has pivoted to a rarely used trade law to impose a 15% global tariff. This temporary measure, effective February 24, creates immediate cost pressures for global supply chains and sets a five-month countdown for Congressional intervention.
The US Supreme Court has invalidated the administration's use of emergency powers for global tariffs, prompting an immediate pivot to Section 122 of the 1974 Trade Act. This new strategy imposes a 15% temporary tariff on all imports, creating a high-stakes legal and compliance challenge for global trade partners.
The STOXX Europe 600 reached a historic high after the US Supreme Court issued a 6-3 ruling striking down President Trump’s sweeping reciprocal tariffs. While the decision offers billions in potential corporate refunds, the White House has already countered with a fresh 10% global levy, signaling a continued legal battle over trade authority.
The US Supreme Court has invalidated the Trump administration's sweeping global tariffs in a landmark 6-3 ruling, citing executive overreach. While markets rallied to record highs on the news, President Trump immediately announced a new 10% 'Section 122' tariff to maintain his trade agenda.
The US Supreme Court has invalidated the Trump administration's sweeping tariffs on global trading partners, ruling that the President exceeded his authority under the 1977 International Emergency Economic Powers Act. The decision marks a significant legal setback for the administration's signature trade policy and creates immediate uncertainty for over $134 billion in collected levies.
Following a landmark 6-3 Supreme Court ruling declaring President Trump's emergency tariffs illegal, Democratic Governors Gavin Newsom and J.B. Pritzker are demanding immediate refunds for taxpayers. The ruling invalidates over $130 billion in collected duties, sparking a massive legal and administrative battle over consumer compensation.
Following a landmark Supreme Court ruling striking down emergency-power tariffs, Democratic governors are demanding the federal government refund over $130 billion to American households. Governors Gavin Newsom and J.B. Pritzker argue the illegal duties inflated retail prices and harmed working families, setting the stage for a massive fiscal and legal battle.
The US Supreme Court has ruled 6-3 that the Trump administration's emergency tariffs are illegal, prompting Democratic governors to demand immediate restitution. Governors Gavin Newsom and J.B. Pritzker are leading a multi-state push for the Treasury to refund over $130 billion collected from importers and passed on to consumers.
The U.S. Supreme Court has issued a pivotal ruling restricting the President's unilateral power to impose tariffs, prompting a sharp rebuke from Donald Trump. The decision marks a significant shift in the legal landscape of international trade, signaling a move toward stricter judicial oversight of executive economic actions.