Congressional Research Service

Company

Last mentioned: Mar 6, 2026

Timeline

  1. Tariff Escalation

    Administration signals intent to raise tariffs from 10% to 15%.

  2. State Lawsuit Filed

    24 states sue over the use of Section 122 to impose new global tariffs.

  3. SCOTUS Ruling

    Supreme Court strikes down IEEPA-based tariffs in a 6-3 decision.

  4. Record Revenue

    U.S. collects $287B in customs duties for the year, up 192%.

Stories mentioning Congressional Research Service 1

Financial Regulation Bearish

States Sue Trump Administration Over 'Unlawful' Global Tariffs

A coalition of 24 states has filed a lawsuit against the Trump administration, alleging that newly imposed 10% global tariffs under Section 122 of the Trade Act of 1974 are unconstitutional. The legal challenge follows a Supreme Court ruling that invalidated previous trade duties, sparking a high-stakes battle over executive authority and economic policy.

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