Last mentioned: 1d ago
Statutory Expiration
Expected expiration of the 150-day temporary tariff window unless renewed or altered.
Tariff Hike
President Trump increases the global duty to 15%, citing it as the 'fully allowed' level.
SCOTUS Ruling
Supreme Court rules 6-3 that the administration's previous tariff program is illegal.
Initial Response
Trump announces a new 10% global levy using a different legal avenue shortly after the ruling.
President Trump has unilaterally raised the global import duty to 15%, bypassing a Supreme Court ruling that invalidated his previous trade policy. The new temporary measure targets nearly all US imports for a 150-day period, creating immediate volatility for global supply chains.