Last mentioned: 2d ago
Statutory Deadline
150-day limit for Section 122 tariffs expires unless extended by Congress.
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.
Refund Demands
Governors Newsom and Pritzker demand immediate repayment of $130B+ to taxpayers.
SCOTUS Ruling
US Supreme Court rules 6-3 that IEEPA-based tariffs overstepped executive authority.
SCOTUS Ruling
The Supreme Court strikes down the tariffs as an illegal use of executive power.
Legal Challenges Peak
Multiple lawsuits from importers and state AGs reach the appellate level.
Tariffs Imposed
The Trump administration invokes emergency powers to implement broad trade tariffs.
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.
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.