Last mentioned: 7h ago
Effective Date
The new 10% global tariff officially takes effect for all imports entering the United States.
Implementation Date
Scheduled start date for the new temporary 15% global import levy.
White House Clarification
Officials confirm the 10% rate replaces previous higher tariffs for partners like India until further notice.
Section 122 Pivot
Trump announces new 15% global tariff using the 1974 Trade Act balance-of-payments provision.
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 strikes down IEEPA-based global tariffs as unconstitutional overreach.
Liberation Day
Tariffs expanded globally to address the US trade deficit under IEEPA.
IEEPA Invoked
Trump imposes tariffs on China, Mexico, and Canada citing fentanyl emergency.
The US Supreme Court has invalidated the administration's use of emergency powers for global tariffs, prompting an immediate pivot to Section 122 of the 1974 Trade Act. This new strategy imposes a 15% temporary tariff on all imports, creating a high-stakes legal and compliance challenge for global trade partners.
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.