Last mentioned: 2d ago
Statutory Deadline
The 150-day window for Section 122 tariffs expires unless extended by Congress.
Expected Implementation
Tariffs projected to take effect at U.S. ports of entry.
Executive Order Signed
Trump signs 10% global tariff order under Section 122 from the Oval Office.
Refund Demands
Governors Newsom and Pritzker demand immediate repayment of $130B to taxpayers.
Supreme Court Ruling
SCOTUS rules 6-3 that the administration overstepped authority using IEEPA for broad tariffs.
SCOTUS Ruling
Supreme Court strikes down tariffs in a 6-3 decision, calling them an illegal cash grab.
Legal Challenges Begin
State governors and trade groups file suits alleging executive overreach.
Tariffs Imposed
President Trump invokes emergency powers to implement broad global tariffs.
Following a landmark 6-3 Supreme Court ruling declaring President Trump's emergency tariffs illegal, Democratic Governors Gavin Newsom and J.B. Pritzker are demanding immediate refunds for taxpayers. The ruling invalidates over $130 billion in collected duties, sparking a massive legal and administrative battle over consumer compensation.
President Donald Trump has signed an executive order imposing a 10% global tariff on all imports, pivoting to Section 122 of the Trade Act of 1974 after the Supreme Court struck down his previous trade measures. The new order is designed to take effect almost immediately, though it carries a 150-day statutory limit unless extended by Congress.