# Section 122 of the Trade Act of 1974

Type: Technology

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/section-122-of-the-trade-act-of-1974
Canonical HTML page: https://getfinancebrief.com/entity/section-122-of-the-trade-act-of-1974

## Timeline

- **2026-03-05**: Multi-State Lawsuit — 24 states file suit in the U.S. Court of International Trade to block new tariffs.
- **2026-03-04**: Refund Order — Judge rules companies are owed refunds for tariffs paid under the invalidated IEEPA framework.
- **2026-02-25**: Greer Confirmation — USTR Jamieson Greer confirms China tariffs will stay steady on Fox Business and Bloomberg.
- **2026-02-20**: Section 122 Invoked — Trump administration pivots to Section 122 to maintain 10% global tariffs.
- **2026-02-19**: Trump Response — President announces plans for a 10% global tariff, later increased to 15%.
- **2026-02-15**: SCOTUS Ruling — Supreme Court rules 6-3 that IEEPA tariffs exceed presidential authority.
- **2025-12-31**: Record Revenue — U.S. Treasury reports $287B in tariff collections for the fiscal year.

## Recent coverage (2 stories)

### States Challenge Trump’s Section 122 Tariffs Following Supreme Court Defeat
2026-03-06 00:15:58 · Sentiment: Bearish · Impact: 8/10 · Sources: 2

A coalition of 24 states has filed a lawsuit against the Trump administration, alleging the president exceeded his constitutional authority by imposing global tariffs under a never-before-used provision of the Trade Act of 1974. The legal challenge follows a landmark Supreme Court ruling that struck down previous emergency duties, setting up a high-stakes confrontation over executive trade powers.
Full story: https://getfinancebrief.com/story/states-sue-trump-section-122-tariffs

### US to Maintain China Tariffs at 35-50% Amid Legal Shift to Section 122
2026-02-26 00:17:36 · Sentiment: Neutral · Impact: 8/10 · Sources: 2

The Trump administration will maintain existing China tariffs between 35% and 50% to ensure continuity following a Supreme Court ruling that invalidated previous trade levies. USTR Jamieson Greer confirmed the move as the White House prepares to pivot to Section 122 of the Trade Act of 1974 for a new 15% global tariff regime.
Full story: https://getfinancebrief.com/story/us-china-tariffs-section-122-trump-xi-meeting

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