Last mentioned: 2d ago
Effective Date
The new 10% global tariff officially takes effect for all imports entering the United States.
New Executive Order
President Trump signs an order for a 10% global tariff under Section 122 of the Trade Act of 1974.
White House Clarification
Officials confirm the 10% rate replaces previous higher tariffs for partners like India until further notice.
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 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.
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 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.