Last mentioned: 7h ago
Statutory Deadline
150-day limit for Section 122 tariffs expires unless extended by Congress.
Implementation Date
Tariffs are scheduled to go into effect at 12:01 a.m. ET according to White House fact sheets.
Effective Date
Tariffs expected to take effect 'almost immediately' for all incoming imports.
Tariff Announcement
Trump announces 10% global tariff on Truth Social and signs order in the Oval Office.
Escalation to 15%
Trump increases the rate to 15% via Truth Social, citing Section 122 authority.
SCOTUS Ruling
US Supreme Court rules 6-3 that IEEPA-based tariffs overstepped executive authority.
SCOTUS Ruling
Supreme Court invalidates the administration's use of emergency powers for global tariffs.
10% Announcement
Trump announces a 10% global tariff in immediate response to the court's decision.
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.
President Trump has signed an executive order imposing a 10% global tariff on all imports, leveraging Section 122 of the Trade Act of 1974. This move follows a 6-3 Supreme Court ruling that invalidated previous tariffs enacted under emergency powers, forcing a strategic shift in the administration's trade enforcement mechanism.