Overview
- The Supreme Court ruled 6–3 that the International Emergency Economic Powers Act does not authorize sweeping tariff-setting, striking down the administration’s prior levies.
- Trump invoked Section 122 of the 1974 Trade Act for a blanket tariff, initially set at 10% and then announced at 15% effective immediately, with the authority capped at 15% for up to 150 days unless Congress extends it.
- Officials said they will launch Section 301 investigations to pursue country‑ or product‑specific duties and will keep existing Section 301 and Section 232 tariffs in place.
- Importers have filed more than a thousand refund lawsuits after federal data showed roughly $133 billion was collected under the invalidated tariff program, with lower courts now expected to determine refunds and execution.
- Businesses and trading partners face fresh uncertainty as implementation details, potential exemptions, and diplomatic responses take shape under the new legal framework.