Last mentioned: 7h ago
Effective Date
The new 10% global tariff officially takes effect for all imports entering the United States.
White House Clarification
Officials confirm the 10% rate replaces previous higher tariffs for partners like India until further notice.
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.
The U.S. Supreme Court has ruled 6-3 that President Trump’s 'reciprocal tariffs' are unlawful, finding the administration exceeded its authority under the IEEPA. Despite the ruling, the President maintains that trade terms with India remain unchanged and signaled intent to pursue alternative legal avenues.
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.