Trade Expansion Act of 1962

Technology

Last mentioned: 2d ago

Timeline

  1. Trade Investigations

    The administration will conduct investigations into unfair trade practices to establish permanent tariffs.

  2. 10% Global Tariff

    Implementation of a 10% across-the-board tariff for a 150-day period.

  3. Supreme Court Ruling

    A 6-3 majority strikes down the use of IEEPA for global tariffs, asserting Congressional authority.

  4. Trump Press Conference

    President slams the court and announces a pivot to the Trade Expansion Act of 1962.

Stories mentioning Trade Expansion Act of 1962 1

Trade Policy Bearish

Trump Pivots to 1962 Trade Act After Supreme Court Blocks Global Tariffs

The US Supreme Court has struck down the use of emergency powers to levy global tariffs, prompting President Trump to immediately announce a 10% across-the-board tax using the Trade Expansion Act of 1962. This move signals a period of intense volatility for global supply chains as the administration seeks to bypass judicial restrictions.

8 sources