Last mentioned: 1d ago
Effective Date
The new 10% global tariff officially takes effect for all imports entering the United States.
Implementation Date
Tariffs are scheduled to go into effect at 12:01 a.m. ET according to White House fact sheets.
New Executive Order
President Trump signs an order for a 10% global tariff under Section 122 of the Trade Act of 1974.
Market Reaction
Global markets react with volatility as analysts assess the 150-day tariff window.
White House Response
The White House posts 'Keep calm and tariff on' and vows to fight refund claims in court.
White House Clarification
Officials confirm the 10% rate replaces previous higher tariffs for partners like India until further notice.
SCOTUS Final Ruling
Supreme Court affirms the lower court, citing the Major Questions Doctrine.
Escalation to 15%
Trump increases the rate to 15% via Truth Social, citing Section 122 authority.
SCOTUS Ruling Issued
The Supreme Court strikes down the use of IEEPA for broad-based tariffs in a 6-3 decision.
Executive Response
VP JD Vance criticizes the court on social media, calling the decision an act of lawlessness.
SCOTUS Ruling
Supreme Court issues 6-3 decision striking down unilateral executive tariffs.
Executive Response
Trump signs executive order repealing old tariffs and issuing a new 10% levy proclamation.
SCOTUS Ruling
The Supreme Court issues a 6-3 decision striking down the global tariff structure.
New 10% Tariff
Hours after the ruling, the President announces a new worldwide 10% duty.
SCOTUS Ruling
Supreme Court strikes down IEEPA-based tariffs in a 6-3 decision, citing lack of explicit congressional authorization.
Executive Order Signed
Trump signs a new order invoking Section 122 of the Trade Act of 1974 for a 10% global tariff.
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.
Appellate Ruling
Federal Circuit Court rules the tariff exceeds executive authority under IEEPA.
Liberation Day Tariffs
The administration imposes sweeping global duties on dozens of trading partners using IEEPA.
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 Supreme Court has issued a landmark 6-3 ruling limiting the President's authority to impose broad-based tariffs without explicit Congressional approval. The decision applies the 'Major Questions Doctrine' to trade law, effectively staying the administration's 10% universal baseline tariff and creating a new era of legislative-heavy trade compliance.
Following a landmark 6-3 Supreme Court ruling that curtailed executive authority under the IEEPA, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a new 10% global tariff. The move attempts to bypass constitutional restrictions on the executive's power to levy duties while maintaining a protectionist stance toward trade partners like India.
The U.S. Supreme Court has issued a landmark 6-3 ruling striking down the administration's sweeping global trade duties, finding the President exceeded authority under the International Emergency Economic Powers Act. In immediate defiance of the judicial setback, the White House announced a new 10% worldwide tariff and signaled a protracted legal battle over potential multi-billion dollar refunds.
The U.S. Supreme Court ruled 6-3 that the President lacks unilateral authority to set global tariffs, invalidating previous trade actions. In a swift counter-move, President Trump imposed a new 10% tariff for a 150-day period, triggering a fresh wave of legal and economic uncertainty.
The U.S. Supreme Court ruled 6-3 that the executive branch exceeded its authority by using the International Emergency Economic Powers Act to impose broad tariffs. In a swift response, Vice President JD Vance condemned the decision while President Trump invoked Section 122 of the Trade Act of 1974 to implement a new 10% global tariff.