Could Trump's 15% Global Tariffs Be Overturned? IEEPA and Trade Act Implications Explained

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Trump's New 15% Global Tariffs Face Legal Challenge After Supreme Court Rejection

Even if lawsuits are filed, legal experts note that courts are unlikely to rule conclusively on the Section 122 tariffs within the 150-day window allowed under the statute.

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Moneycontrol•24-02-2026, 16:45

Trump's New 15% Global Tariffs Face Legal Challenge After Supreme Court Rejection

•US President Donald Trump imposed new 15% temporary tariffs after the Supreme Court struck down his previous tariff regime.
•The new tariffs, effective today, invoke Section 122 of the Trade Act of 1974, a rarely used provision for balance of payments problems.
•Critics argue the US does not meet the legal or economic conditions for Section 122, which allows tariffs for up to 150 days.
•Economists, including former IMF First Deputy Managing Director Gita Gopinath, state the US is not facing a balance of payments crisis.
•The Trump administration's own Justice Department previously dismissed Section 122 as an option for trade deficits, complicating its current defense.

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