Last mentioned: 1d ago
Section 122 Pivot
President Trump announces a 10% global tariff using Section 122 of the Trade Act of 1974 to bypass the ruling.
Vance Response
Vice President JD Vance issues a statement calling the ruling 'lawlessness.'
Section 122 Invocation
President Trump signs an executive order for a 10% global tariff to address balance of payments.
White House Reset
Administration signals that only countries with new 'Trump Trade Deals' will avoid higher surcharges.
New 10% Tariff Signed
Trump signs a document imposing a new 10% global tariff, effective almost immediately.
15% Target Announced
The administration signals a move toward a 15% global tariff rate during a press conference.
Supreme Court Ruling
The Court strikes down broad IEEPA tariffs in a 6-3 decision, citing lack of explicit Congressional authorization.
Vance Response
VP JD Vance issues a statement on X criticizing the court for 'lawlessness' and hindering industrial protection.
Supreme Court Ruling
The high court strikes down the tariffs in a landmark decision on executive power.
EU Emergency Meeting
European lawmakers call for a meeting to discuss the implications of the court ruling.
SCOTUS Ruling Issued
The Supreme Court strikes down the administration's use of IEEPA for broad trade tariffs.
White House Response
President Trump calls the ruling a 'disgrace' and vows immediate action to protect U.S. industry.
SCOTUS Ruling
Supreme Court strikes down IEEPA-based tariffs in a case led by Neal Katyal.
Legal Challenges Filed
A coalition of trade groups and importers files suit in the Court of International Trade.
Tariff Implementation
The administration imposes broad tariffs on imported industrial materials citing national security.
The U.S. Supreme Court has invalidated the Trump administration’s sweeping tariffs imposed under the International Emergency Economic Powers Act (IEEPA), ruling them an unconstitutional overreach of executive authority. President Trump immediately retaliated by signing a new 10% global tariff and labeling the court's decision a 'disgrace to the nation.'
A landmark US Supreme Court ruling striking down executive tariffs has been met with a swift counter-move from the White House. While European exporters briefly celebrated the legal victory, the administration's immediate imposition of a 10% global tariff creates a new, permanent floor for transatlantic trade.
Vice President JD Vance has condemned a U.S. Supreme Court decision to strike down key trade tariffs, labeling the judicial intervention as 'lawlessness.' The ruling represents a major setback for the administration's protectionist economic agenda and sets the stage for a constitutional clash over executive authority.
The U.S. Supreme Court has struck down broad-based tariffs imposed under the International Emergency Economic Powers Act, ruling 6-3 that the executive branch exceeded its authority. In response, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a temporary 10% global tariff.