John Boyd

Person

Last mentioned: 6h ago

Timeline

  1. Congressional Deadline

    Approximate expiration of the 150-day temporary tariff window under Section 122.

  2. Effective Date

    New global tariffs are set to come into force for all US imports.

  3. Escalation to 15%

    Trump announces on Truth Social that the rate will be increased to the 15% legal maximum.

  4. Supreme Court Ruling

    SCOTUS strikes down IEEPA-based tariffs in a 6-3 decision.

  5. 10% Tariff Proclamation

    Trump signs a new proclamation under Section 122 for a 10% global levy.

Stories mentioning John Boyd 1

Labor Policy Bearish

Trump Pivots to 15% Global Tariffs Following Supreme Court Rejection

The US Supreme Court has struck down President Trump's previous global tariffs, ruling that the executive branch overstepped its authority under the IEEPA. In an immediate counter-move, the administration has invoked Section 122 of the 1974 Trade Act to impose a temporary 15% global levy, creating a volatile new landscape for workforce planning and supply chain management.

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