Overview
- Days after a 6–3 Supreme Court ruling found the International Emergency Economic Powers Act does not authorize broad tariff-setting, President Trump announced he is raising the new global levy to 15% from 10%.
- Following the ruling, the administration issued a proclamation for a temporary 10% tariff under Section 122 of the Trade Act, scheduled to take effect Tuesday, and Trump later said he would move to the statute’s 15% maximum, with timing details not fully clarified.
- U.S. Trade Representative Jamieson Greer said Section 301 investigations will begin and could cover most major trading partners, a process that can take months and would allow targeted, country- or product-specific duties.
- A White House fact sheet outlined carve-outs including beef, pharmaceuticals, cars and some electronics, excluded qualifying USMCA imports from Canada and Mexico from the blanket tariff, and extended the suspension of the de minimis duty-free threshold to apply tariffs on low-value parcels.
- Importers have filed more than a thousand lawsuits seeking refunds after the court invalidated the emergency-based duties, with federal data showing roughly $133–$142 billion already collected and the mechanics of potential repayments left to lower courts.