Avery Shenfeld

Person

Last mentioned: 2d ago

Timeline

  1. 150-Day Deadline

    The Section 122 tariffs will expire unless Congress votes to extend them beyond this date.

  2. Section 122 Implementation

    The administration prepares an executive order to levy tariffs under the 1974 Trade Act.

  3. SCOTUS Ruling

    The U.S. Supreme Court strikes down IEEPA-based tariffs in a landmark 6-3 decision.

  4. Trump Response

    President Trump lashes out at the court and announces a new 10% global tariff plan.

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SCOTUS Blocks IEEPA Tariffs as Trump Pivots to Section 122 Authority

The U.S. Supreme Court has ruled that President Trump's use of emergency powers to levy broad tariffs was illegal, providing a temporary reprieve for trade partners. However, the administration immediately countered with a new 10% global tariff plan under the 1974 Trade Act, creating fresh uncertainty for Canadian exporters and CUSMA protections.

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