Trade Act of 1974

Technology

Last mentioned: 2d ago

Timeline

  1. Section 122 Pivot

    President Trump announces a 10% global tariff using Section 122 of the Trade Act of 1974 to bypass the ruling.

  2. Supreme Court Ruling

    The Court strikes down broad IEEPA tariffs in a 6-3 decision, citing lack of explicit Congressional authorization.

  3. Vance Response

    VP JD Vance issues a statement on X criticizing the court for 'lawlessness' and hindering industrial protection.

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