Last mentioned: 8h ago
Implementation
Tariffs expected to take effect at U.S. ports of entry.
Effective Date
The 15% global tariffs are scheduled to go into effect for all U.S. imports.
Implementation Date
The new global tariffs are scheduled to go into effect for all US imports.
Tariff Announcement
Trump announces 10% global tariff on Truth Social from the Oval Office.
Executive Order Signed
New tariffs signed under Section 122 of the Trade Act of 1974.
Rate Hike to 15%
Trump elevates the rate to the legal maximum of 15% via Truth Social, citing Section 122.
Tariff Escalation
Trump announces on Truth Social that the rate will be increased to the 15% legal maximum.
Supreme Court Ruling
SC rules 6-3 that IEEPA-based tariffs overstepped executive authority.
SCOTUS Ruling
Supreme Court invalidates the administration's use of emergency powers for broad tariffs.
10% Tariff Announced
Trump announces a 10% global tariff as an immediate response to the court's decision.
Supreme Court Ruling
The high court strikes down IEEPA-based tariffs in a 6-3 decision, citing executive overreach.
Initial Pivot
Trump signs a proclamation for a 10% temporary tariff under Section 122 of the 1974 Trade Act.
Following a Supreme Court ruling that struck down previous import taxes, President Trump has pivoted to a rarely used trade law to impose a 15% global tariff. This temporary measure, effective February 24, creates immediate cost pressures for global supply chains and sets a five-month countdown for Congressional intervention.
President Trump has increased his proposed global tariff from 10% to 15%, utilizing Section 122 of the 1974 Trade Act to bypass a recent Supreme Court setback. This temporary measure lasts 150 days, creating immediate volatility for global supply chains as the administration seeks more permanent legal avenues for its protectionist agenda.
President Trump has signed an executive order imposing a blanket 10% global tariff on all imports, pivoting to Section 122 of U.S. trade law after the Supreme Court curtailed his previous authority. The move, effective almost immediately, creates a 150-day window of heightened costs for all international supply chains without the possibility of country-specific exemptions.