Last mentioned: 1d ago
Summit Commencement
President Trump arrives in Beijing for three days of high-level trade negotiations.
Implementation Date
Tariffs are scheduled to go into effect at 12:01 a.m. ET according to White House fact sheets.
Escalation to 15%
Trump increases the rate to 15% via Truth Social, citing Section 122 authority.
SCOTUS Ruling
The Supreme Court strikes down IEEPA-based tariffs on Chinese imports.
White House Confirmation
The White House confirms the official dates for the Beijing summit.
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.
Diplomatic Tease
President Trump hints at a 'wild' upcoming visit to China during a meeting with foreign leaders.
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.
The U.S. Supreme Court has struck down key 20% tariffs on Chinese imports, ruling that the executive branch overstepped its authority under the International Emergency Economic Powers Act. This landmark legal setback comes as President Trump prepares for a critical three-day diplomatic mission to Beijing to meet with President Xi Jinping.