Last mentioned: 7h ago
Implementation Date
Scheduled start date for the new temporary 15% global import levy.
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 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.