Last mentioned: 1d ago
Projected Expiration
The 150-day statutory limit for Section 122 tariffs is reached unless extended by Congress.
Executive Response
VP JD Vance criticizes the ruling; President Trump announces a pivot to Section 122.
Section 122 Order
Trump signs an executive order for a 10% global tariff surcharge effective immediately.
Supreme Court Ruling
The SC strikes down IEEPA-based tariffs in a 6-3 decision, citing executive overreach.
US Vice President JD Vance has condemned a Supreme Court decision to strike down executive-imposed tariffs, labeling the move as judicial lawlessness. The ruling marks a historic shift in trade authority, potentially dismantling protectionist barriers and forcing a massive recalibration of global supply chain cost models.
The US Supreme Court ruled 6-3 that the executive branch cannot use the IEEPA to impose broad-based tariffs, leading the Trump administration to immediately pivot to Section 122 of the Trade Act of 1974. This shift introduces a 10% global tariff surcharge and a new 150-day window of regulatory uncertainty for global supply chains.