Wendy Cutler

Person

Last mentioned: Feb 22, 2026

Timeline

  1. Implementation Date

    Tariffs are scheduled to go into effect at 12:01 a.m. ET according to White House fact sheets.

  2. Effective Date

    The 15% global tariffs are scheduled to go into effect for all U.S. imports.

  3. Implementation Date

    Scheduled start date for the new global tariff regime according to White House fact sheets.

  4. Escalation to 15%

    Trump increases the rate to 15% via Truth Social, citing Section 122 authority.

  5. Rate Hike to 15%

    Trump elevates the rate to the legal maximum of 15% via Truth Social, citing Section 122.

  6. Escalation to 15%

    Trump raises the tariff rate to the legal maximum of 15% via a social media post.

  7. SCOTUS Ruling

    Supreme Court invalidates the administration's use of emergency powers for global tariffs.

  8. 10% Announcement

    Trump announces a 10% global tariff in immediate response to the court's decision.

  9. SCOTUS Ruling

    Supreme Court invalidates the administration's use of emergency powers for broad tariffs.

  10. 10% Tariff Announced

    Trump announces a 10% global tariff as an immediate response to the court's decision.

  11. Supreme Court Ruling

    The high court strikes down the administration's use of emergency powers to impose reciprocal tariffs.

  12. 10% Tariff Announcement

    Trump announces a 10% across-the-board global tariff in response to the court's decision.

Stories mentioning Wendy Cutler 3

regulation Bearish

Trump Escalates Trade War: Global Tariffs Raised to 15% Under Section 122

President Trump has increased his proposed global tariff from 10% to 15%, utilizing Section 122 of the 1974 Trade Act to bypass a recent Supreme Court setback. This temporary measure lasts 150 days, creating immediate volatility for global supply chains as the administration seeks more permanent legal avenues for its protectionist agenda.

2 sources
regulation Bearish

Trump Invokes Section 122 for 15% Global Tariffs After SCOTUS Defeat

President Donald Trump has escalated global import duties to a 15% maximum, pivoting to Section 122 of the 1974 Trade Act after the Supreme Court invalidated his previous emergency-power tariffs. This temporary measure faces a 150-day legislative deadline and significant skepticism from a Republican-controlled Congress concerned about inflation.

2 sources