Overview
- The Supreme Court ruled 6–3 that the president exceeded his authority by using the International Emergency Economic Powers Act to levy broad, reciprocal tariffs.
- Trump said he will sign an order for a 10% global surcharge under Section 122, stating it could take effect in about three days and would apply on top of current rates.
- Section 122 requires nondiscriminatory application across trading partners, permits up to a 15% surcharge, and automatically expires after 150 days without congressional action.
- The administration said national-security tariffs under Section 232 and existing Section 301 duties remain in force, and it is launching new Section 301 investigations.
- Officials acknowledged unresolved questions over refunds for tariffs already collected, with court fights expected to continue for years.