U.S. Supreme Court

court

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 Supreme Court issues a 6-3 decision invalidating the use of IEEPA for broad-based global tariffs.

  4. SCOTUS Final Decision

    Supreme Court officially invalidates IEEPA-based tariffs in Learning Resources, Inc. v. Trump.

  5. SCOTUS Ruling

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

  6. Trump Response

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

  7. CIT Preliminary Ruling

    Court of International Trade suggests government would not oppose refunds if tariffs are found unlawful.

  8. Tariff Implementation

    President Trump utilizes IEEPA to impose broad global tariffs shortly after taking office.

  9. Tariffs Imposed

    Trump Administration uses IEEPA to levy tariffs on goods from Canada, Mexico, and China.

  10. IEEPA Enacted

    Congress passes the International Emergency Economic Powers Act to grant the President authority during national emergencies.

Stories mentioning U.S. Supreme Court 3

Financial Regulation Neutral

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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Financial Regulation Neutral

SCOTUS Curbs Presidential Tariff Power in Landmark 6-3 Ruling

The U.S. Supreme Court has invalidated President Trump's use of the 1977 International Emergency Economic Powers Act to impose broad global tariffs, ruling 6-3 that such authority rests with Congress. This decision significantly restricts the executive branch's ability to bypass legislative oversight for trade policy under the guise of national emergencies.

2 sources