U.S. Trade Representative

Company

Last mentioned: 4d ago

Timeline

  1. Implementation Deadline

    New 15% duties take effect as CBP stops collecting invalidated IEEPA tariffs.

  2. EU Postponement

    European Parliament delays a vote on the U.S. trade deal in response to tariff uncertainty.

  3. Duty Raised to 15%

    The administration increases the proposed duty to the statutory maximum of 15%.

  4. 10% Duty Announced

    Trump announces a temporary 10% duty under Section 122 of the Trade Act of 1974.

Stories mentioning U.S. Trade Representative 1

Trade Policy Bearish

Trump Pivot: New 15% Section 122 Tariffs Follow Supreme Court Setback

Following a Supreme Court ruling striking down his signature tariff regime, President Trump has pivoted to Section 122 of the Trade Act of 1974 to impose a 15% temporary import duty. The administration warned international partners against renegotiating trade deals, threatening even higher penalties for countries that 'play games' with the new legal landscape.

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