Avery Shenfeld

Person

Last mentioned: 2d ago

Timeline

  1. Tariff Expiration

    Projected expiration of Section 122 tariffs unless Congressional extension is granted.

  2. SCOTUS Ruling

    The Supreme Court strikes down IEEPA tariffs as an illegal use of emergency powers.

  3. Section 122 Announcement

    Trump signs executive order for a 10% global tariff under the 1974 Trade Act.

  4. IEEPA Tariffs Imposed

    Trump administration levies reciprocal tariffs on global partners, including Canada.

Stories mentioning Avery Shenfeld 1

Regulation Neutral

SCOTUS Strikes Down IEEPA Tariffs: New Trade Risks Emerge for Canada

The U.S. Supreme Court has ruled 6-3 that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) are illegal, nullifying President Trump's previous 35% levies. While Canadian CUSMA-compliant exports remain largely unaffected, Trump's immediate pivot to Section 122 of the 1974 Trade Act introduces new 150-day global tariffs and fresh regulatory uncertainty.

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