The Global Small Business Blog: The Bait and Switch Deal: The Legal Case Against Section 122 Tariffs: www.globalsmallbusinessblog.com/2026/03/the-... #globalsmallbusiness #globalsmallbusinessblog #section122 #tariffs
Latest posts tagged with #Section122 on Bluesky
The Global Small Business Blog: The Bait and Switch Deal: The Legal Case Against Section 122 Tariffs: www.globalsmallbusinessblog.com/2026/03/the-... #globalsmallbusiness #globalsmallbusinessblog #section122 #tariffs
🌎 10% global tariff in effect from Feb 24, 2026; may rise to 15%.
🔒 Section 122 is primary authority; exclusions include USMCA products.
⚖️ Supreme Court invalidated IEEPA tariffs; replaced with Section 122.
#USTariffs #Section122 #SupremeCourt
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“.. The administration itself has argued that this provision was not meant for the kind of tariffs Mr. Trump wants to impose.”
@nytimes.com #Section122
www.nytimes.com/2026/02/24/u...
#LatestUpdates #DonaldTrump #IEEPA #Section122 Trump threatens new 10% global tariff under Section 122 after Supreme Court deems IEEPA tariffs illegal
RELEASE (ALL OF) THE EPSTEIN FILES!
#ResistTrump #SCOTUS #IEEPA #Section122 #Corruption #Soybeans #China
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We’re moving from one phase of illegal, erratic trade policy — to a new phase of illegal, erratic trade policy.
@nationalreview.bsky.social #Section122
www.nationalreview.com/corner/trump...
FWIW, legality of #section122 #tariffs hinges on the definition of “balance-of-payments deficits”. current usage of that term, incl. in Trump’s declaration, differs from 1974 when the law was passed; “BoP deficits” was about reserves, not individual trade imbalances. Basis for legal challenges?
Trump stmt: "Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been 'ripping' the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level. During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again - GREATER THAN EVER BEFORE!!! Thank you for your attention to this matter. President DONALD J. TRUMP"
NEW
#Trump issues stmt saying he's raising his new #Section122 global #tariff to 15% from the 10% he announced yesterday after #SCOTUS ruled most of his second-term #tariffs are illegal.
Section 122 tariffs can last for 150 days. Congress would need to approve extension beyond those 150 days.
“In that press conference #Trump announced that he would immediately use another little-known legal route — #Section122 — to impose immediate 10 percent #tariffs across the board.” open.substack.com/pub/paulkrug...
paidprotester.substack.com/p/trump-lose...
It was a stunning blow to Donald Trump's ego. The Supreme Court merely reaffirmed the original judgment by the US International Court of Trade.
#Trump #tariffs #IEEPA #SupremeCourt #Section122 #USTR #Greer
BREAKING
#Trump presser re: #SCOTUS ruling today most of Trump's second-term #tariffs are illegal: (taking Qs) Says he thinks the new #Section122 global 10% #tariff will start in 3 days.
#Economy
BREAKING
#Trump presser re: #SCOTUS ruling today most of Trump's second-term #tariffs are illegal: (talking) Says in response to the SCOTUS ruling, he'll sign"an order to impose a 10% global #tariff under #Section122 over and above our normal tariffs already being charged."
#Economy
After this ruling, the cleanest unilateral fallback is Section 122 (Trade Act ’74)—a narrow tool allowing tariffs up to 15% for up to 150 days to address balance‑of‑payments problems. ⏳📉
Sources: Bloomberg Law (options after ruling) | Bloomberg overview (pre‑decision)
#Section122 #TradeAct
If you read one thing on the UK's #OnlineSafetyAct and its controversial #Section122 then let it be @peterguest.bsky.social's brilliant explainer here www.wired.co.uk/article/the-...