Last mentioned: 1d ago
Projected Expiration
The 150-day temporary legal window for the new tariff rate is set to expire.
Section 122 Pivot
President Trump announces a 10% global tariff using Section 122 of the Trade Act of 1974 to bypass the ruling.
15% Tariff Hike
President hikes the rate to 15% and launches a public attack on the Supreme Court justices.
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
SCOTUS rules 6-3 that the use of the 1977 emergency powers act for broad tariffs is illegal.
Initial 10% Proposal
Trump announces a new 10% global levy via an alternative legal avenue hours after the ruling.
President Trump has escalated his trade offensive by raising the global import duty to 15% just one day after a Supreme Court ruling struck down his previous tariff framework. The move, which utilizes a temporary 150-day legal window, signals a deepening constitutional and economic confrontation over executive trade 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.