U.S. Trade Representative

organization

Last mentioned: 1d ago

Timeline

  1. Effective Date

    The 15% global tariffs are scheduled to go into effect for all U.S. imports.

  2. Rate Hike to 15%

    Trump elevates the rate to the legal maximum of 15% via Truth Social, citing Section 122.

  3. SCOTUS Ruling

    Supreme Court invalidates the administration's use of emergency powers for broad tariffs.

  4. 10% Tariff Announced

    Trump announces a 10% global tariff as an immediate response to the court's decision.

Stories mentioning U.S. Trade Representative 1

Trade Policy Bearish

Trump Escalates Trade War: Global Tariffs Raised to 15% Under Section 122

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.

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