Trade Act of 1974

Technology

Last mentioned: 2d ago

Timeline

Jul 24, 2026
Surcharge Expiration

The 150-day temporary surcharge period under Section 122 is set to expire unless renewed or replaced.
Feb 24, 2026
Tariff Implementation

The 10% global tariff officially takes effect for all trade partners.
Feb 20, 2026
Supreme Court Ruling

SC rules 6-3 that IEEPA does not authorize the President to levy duties.
Feb 20, 2026
Executive Order Signed

Trump signs new order invoking Section 122 of the Trade Act of 1974.

Stories mentioning Trade Act of 1974 1

Trump Pivots to Section 122 for 10% Global Tariff After Supreme Court Defeat

Following a Supreme Court ruling that struck down the use of emergency powers for trade levies, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a 10% global tariff. The move recalibrates trade costs for partners like India and introduces a 150-day window of heightened supply chain volatility.

2d ago 2 sources