Last mentioned: 7h ago
Implementation Date
Scheduled start date for the new temporary 15% global import levy.
Refund Demands
Governors Newsom and Pritzker demand immediate repayment of $130B+ to taxpayers.
Presidential Reaction
President Trump holds a White House briefing calling the ruling 'disgraceful' and hinting at a backup plan.
Section 122 Pivot
Trump announces new 15% global tariff using the 1974 Trade Act balance-of-payments provision.
SCOTUS Ruling
The Supreme Court strikes down the tariffs as an illegal use of executive power.
SCOTUS Ruling
The Supreme Court issues a verdict invalidating the sweeping tariffs as a violation of federal law.
SCOTUS Ruling
Supreme Court strikes down IEEPA-based global tariffs as unconstitutional overreach.
Revenue Milestone
US government reaches $134 billion in total levies collected under the new tariff regime.
Legal Challenges Peak
Multiple lawsuits from importers and state AGs reach the appellate level.
Liberation Day
Tariffs expanded globally to address the US trade deficit under IEEPA.
Tariffs Imposed
The Trump administration invokes emergency powers to implement broad trade tariffs.
IEEPA Invoked
Trump imposes tariffs on China, Mexico, and Canada citing fentanyl emergency.
IEEPA Enacted
The International Emergency Economic Powers Act is signed into law, granting the President power to regulate commerce during national emergencies.
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.
The US Supreme Court has invalidated the Trump administration's sweeping tariffs on global trading partners, ruling that the President exceeded his authority under the 1977 International Emergency Economic Powers Act. The decision marks a significant legal setback for the administration's signature trade policy and creates immediate uncertainty for over $134 billion in collected levies.
The US Supreme Court has ruled 6-3 that the Trump administration's emergency tariffs are illegal, prompting Democratic governors to demand immediate restitution. Governors Gavin Newsom and J.B. Pritzker are leading a multi-state push for the Treasury to refund over $130 billion collected from importers and passed on to consumers.
The U.S. Supreme Court has issued a pivotal ruling restricting the President's unilateral power to impose tariffs, prompting a sharp rebuke from Donald Trump. The decision marks a significant shift in the legal landscape of international trade, signaling a move toward stricter judicial oversight of executive economic actions.