Last mentioned: Feb 24, 2026
Implementation
The new 15% duty takes effect at 12:01 am EST as CBP halts collection of invalidated IEEPA tariffs.
Supreme Court Ruling & Warning
SCOTUS strikes down IEEPA tariffs; Trump warns countries not to 'play games' and EU postpones trade vote.
Duty Escalation
The administration raises the planned Section 122 duty to the statutory maximum of 15%.
Initial Tariff Announcement
Trump announces a 10% temporary import duty under Section 122 of the Trade Act of 1974.
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.