Last mentioned: 7h ago
Original Implementation
The original target date for the deal to take effect (now delayed).
Effective Date
The 15% global tariffs are scheduled to go into effect for all U.S. imports.
Negotiations Deferred
India and US officially reschedule the chief negotiator meeting in Washington.
Rate Hike to 15%
Trump elevates the rate to the legal maximum of 15% via Truth Social, citing Section 122.
Tariff Escalation
Trump imposes 10% universal tariff, later increased to 15% effective Feb 24.
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.
SCOTUS Ruling
US Supreme Court rules that tariff-setting power belongs to Congress.
Framework Reached
India and the US announce a framework for an interim trade agreement.
SCOTUS Tariff Review
The Court moves to limit the definition of 'national security' in trade enforcement.
Chevron Overturned
SCOTUS eliminates judicial deference to agency interpretations, weakening the USTR's position.
Tariff Expansion
Broad use of Section 232 and 301 to impose tariffs on steel, aluminum, and Chinese goods.
IEEPA Enacted
The International Emergency Economic Powers Act defines executive power during economic emergencies.
Trade Expansion Act
Congress grants the President authority to adjust imports based on national security (Section 232).
India and the United States have indefinitely postponed high-level trade negotiations following a landmark U.S. Supreme Court ruling that shifts tariff-setting authority to Congress. The delay, coupled with a new 15% universal tariff imposed by the Trump administration, threatens the timeline for an interim trade pact originally slated for April implementation.
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.
A landmark Supreme Court development has fundamentally challenged the executive branch's broad power to impose unilateral tariffs under national security justifications. This shift forces supply chain leaders to recalibrate risk models as the legal foundation for global trade barriers undergoes its most significant transformation in decades.