Last mentioned: 5h ago
Implementation
Tariffs expected to take effect at U.S. ports of entry.
Executive Response
President Trump issues a statement condemning the ruling as a 'betrayal of American industry.'
Tariff Announcement
Trump announces 10% global tariff on Truth Social from the Oval Office.
Executive Order Signed
New tariffs signed under Section 122 of the Trade Act of 1974.
Refund Demands
Governors Newsom and Pritzker demand immediate refunds with interest for state residents.
White House Response
President Trump criticizes the court and announces the development of a backup trade plan.
SCOTUS Ruling
The Supreme Court issues its final decision upending the unilateral tariff authority.
Supreme Court Ruling
SC rules 6-3 that IEEPA-based tariffs overstepped executive authority.
SCOTUS Ruling
Supreme Court strikes down the tariffs in a 6-3 decision, citing executive overreach.
Supreme Court Ruling
SCOTUS invalidates the tariffs, ruling the President exceeded his legal authority.
Revenue Milestone
Total tariff revenue collected surpasses $100 billion mark.
Revenue Milestone
US government reaches $134 billion in total levies collected from the new tariffs.
Legal Challenge
A coalition of retailers and manufacturers files suit, alleging the executive exceeded its authority under the IEEPA.
Tariffs Imposed
President Trump invokes emergency powers to implement broad global tariffs.
Tariff Expansion
The administration announces a new round of universal baseline tariffs via executive order.
Tariff Implementation
Trump administration begins imposing sweeping tariffs under IEEPA authority.
The US Supreme Court has struck down emergency tariffs implemented by the Trump administration, providing immediate relief to major trading partners. China and India, previously the primary targets of these levies, are positioned to regain market share as trade barriers dissolve.
US Trade Representative Jamieson Greer confirmed that specific bilateral trade agreements remain in effect despite a recent Supreme Court ruling against the administration's broader tariff policies. This provides a critical layer of certainty for supply chain managers navigating a volatile regulatory landscape.
The US Supreme Court has invalidated the Trump administration's sweeping tariff program, ruling that the 1977 International Emergency Economic Powers Act does not grant the President authority to impose broad import duties. This landmark decision disrupts the administration's signature trade policy and creates a complex legal path for the $134 billion in levies already collected.
Following a landmark 6-3 Supreme Court ruling striking down emergency-power tariffs, Democratic governors are demanding the federal government refund over $130 billion to households and businesses. The decision creates a massive fiscal and logistical challenge for the Treasury as it faces unprecedented claims for duties collected over the past year.
President Trump has signed an executive order imposing a blanket 10% global tariff on all imports, pivoting to Section 122 of U.S. trade law after the Supreme Court curtailed his previous authority. The move, effective almost immediately, creates a 150-day window of heightened costs for all international supply chains without the possibility of country-specific exemptions.
The U.S. Supreme Court has issued a landmark ruling curtailing the President's authority to unilaterally impose tariffs, sparking a significant legal and political confrontation. This decision forces a massive recalibration of global supply chain strategies that had been built around aggressive protectionist trade policies.