International Emergency Economic Powers Act

regulation

Last mentioned: 10h ago

Timeline

Jul 24, 2026
Statutory Expiration

The 150-day window for Section 122 authority expires unless renewed or modified.
Feb 24, 2026
Implementation Date

New 10% global tariffs officially go into effect for all trade partners.
Feb 21, 2026
Executive Action

Trump signs EO for 10% global tariff under Section 122 of the Trade Act of 1974.
Feb 20, 2026
Supreme Court Ruling

SCOTUS rules 6-3 that using IEEPA for broad tariffs exceeds executive authority.

Stories mentioning International Emergency Economic Powers Act 1

Trump Pivots to Trade Act for 10% Global Tariff After Supreme Court Defeat

President Trump has signed an executive order imposing a 10% global tariff by invoking Section 122 of the Trade Act of 1974, following a landmark Supreme Court ruling that invalidated his previous use of emergency powers. The move recalibrates trade relations with key partners like India while setting up a new 150-day window of economic uncertainty.

2d ago 2 sources