Last mentioned: 2d ago
Investigation Deadline
The 150-day window for trade investigations and temporary tariffs is set to conclude.
White House Response
President Trump calls the ruling 'deeply disappointing' and 'a disgrace' during a press briefing.
Supreme Court Ruling
A 6-3 majority strikes down the use of IEEPA for global tariffs, citing Congressional authority over trade.
Presidential Response
Trump holds a news conference denouncing the court and justices as 'swayed by foreign interests'.
New Tariff Announcement
Trump invokes the Trade Expansion Act of 1962 to impose a 10% global tariff.
SCOTUS Ruling
Supreme Court strikes down the tariff framework in a 6-3 decision.
New Tariff Announcement
White House announces a new 10% worldwide duty using alternative legal authorities.
SCOTUS Ruling
The Supreme Court invalidates the sweeping tariff measures in a major blow to trade policy.
Revenue Milestone
US government reaches $134 billion in collected levies under the new tariff regime.
Liberation Day
Trump administration expands global tariffs to dozens of trading partners using IEEPA.
IEEPA Enacted
The International Emergency Economic Powers Act is signed into law, defining executive power during national emergencies.
The US Supreme Court has invalidated the Trump administration's sweeping tariff regime, ruling that the President exceeded his authority under the 1977 International Emergency Economic Powers Act. The decision jeopardizes over $134 billion in collected levies and creates immediate uncertainty for global supply chains and domestic inflation.
The U.S. Supreme Court has delivered a 6-3 ruling invalidating President Trump’s sweeping global tariffs, citing an overreach of executive authority under the International Emergency Economic Powers Act. In a defiant response, the White House immediately announced a new 10% worldwide duty, signaling a prolonged legal and economic battle over trade policy.
President Trump has vowed to bypass a Supreme Court ruling that struck down his global tariffs by invoking the Trade Expansion Act of 1962. The administration plans to implement a 10% across-the-board levy for 150 days while conducting new trade investigations.