# Trade Act of 1974

Type: Technology

Source: Supply Chain Intelligence Brief — https://getsupplybrief.com/entity/trade-act-of-1974-technology
Canonical HTML page: https://getsupplybrief.com/entity/trade-act-of-1974-technology

## Timeline

- **2026-07-24**: Surcharge Expiration — The 150-day temporary surcharge period under Section 122 is set to expire unless renewed or replaced.
- **2026-07-21**: Projected Expiration — The 150-day statutory limit for Section 122 tariffs is reached unless extended by Congress.
- **2026-02-24**: Tariff Implementation — The 10% global tariff officially takes effect for all trade partners.
- **2026-02-21**: Executive Response — VP JD Vance criticizes the ruling; President Trump announces a pivot to Section 122.
- **2026-02-21**: Section 122 Order — Trump signs an executive order for a 10% global tariff surcharge effective immediately.
- **2026-02-20**: Supreme Court Ruling — The SC strikes down IEEPA-based tariffs in a 6-3 decision, citing executive overreach.
- **2026-02-20**: Supreme Court Ruling — SC rules 6-3 that IEEPA does not authorize the President to levy duties.
- **2026-02-20**: Executive Order Signed — Trump signs new order invoking Section 122 of the Trade Act of 1974.

## Recent coverage (3 stories)

### Import Costs Stuck at 10%: Court Keeps Tariff Until at Least July 24
2026-06-12 00:30:24 · Sentiment: Bearish · Impact: 6/10 · Sources: 4

A federal appeals court allows the 10% global tariff to remain on all imports until its July 24 expiration, prolonging cost pressure on supply chains. Logistics and procurement teams face continued uncertainty with only weeks left before the tariff’s scheduled sunset.
Full story: https://getsupplybrief.com/story/supply-chain-10-percent-import-tariff-stay-2026

### Trump Pivots to Section 122 for 10% Global Tariff After Supreme Court Defeat
2026-02-21 04:25:33 · Sentiment: Bearish · Impact: 8/10 · Sources: 2

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.
Full story: https://getsupplybrief.com/story/trump-section-122-global-tariff-india-impact

### Supreme Court Strikes Down IEEPA Tariffs; Trump Pivots to Section 122
2026-02-21 00:27:44 · Sentiment: Bearish · Impact: 8/10 · Sources: 2

The US Supreme Court ruled 6-3 that the executive branch cannot use the IEEPA to impose broad-based tariffs, leading the Trump administration to immediately pivot to Section 122 of the Trade Act of 1974. This shift introduces a 10% global tariff surcharge and a new 150-day window of regulatory uncertainty for global supply chains.
Full story: https://getsupplybrief.com/story/supreme-court-strikes-down-ieepa-tariffs-trump-pivots

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