Trade tensions are heating up again as 24 states take legal action against Donald Trump over new tariffs imposed under Section 122 of the Trade Act of 1974.
Trump Imposing Section 122 Tariffs
After the Supreme Court of the United States struck down President Donald Trump’s tariffs under IEEPA on February 20, the administration pivoted fast—announcing new levies under Section 122 of the Trade Act of 1974.
Supreme Court Ruled Against Trump’s Tariffs
A major shift in U.S. trade policy just made headlines ⚖️🇺🇸 The Supreme Court has ruled against the sweeping tariffs imposed under the International Emergency Powers Act (IEEPA).
US Lowering Bangladesh Tariffs
Trade tensions may finally be easing 🇺🇸🇧🇩📦 The U.S. and Bangladesh have signed a new Agreement on Reciprocal Trade that will lower tariffs on Bangladeshi imports to 19%
US And India Reach A Trade Deal
Big moves in global trade 🇺🇸🇮🇳📦 The U.S. and India have reached a major trade deal after a call between President Trump and Prime Minister Narendra Modi, with tariffs on Indian imports set to drop to 18% from previous levels as high as 50%.
Trump Threatening A New 25% Tariff
A recent announcement has President Trump threatening a new 25% Tariff on Iran’s trading partners.
Supreme Court Ruling On Tariffs
A final Supreme Court ruling on tariffs imposed by the Trump Administration could come as early as Friday. Friday, January 9, will be an opinion day where the Supreme Court will discuss and potentially make a decision.
White House Delaying Tariffs
Tariff relief may be on the horizon for furniture shippers 📦🛋️ President Trump has announced a delay in planned tariff hikes, pushing increases on imported furniture products back until 2027.
Mexico Imposing A 50% Tariff
Mexico has officially approved steep new tariffs that could ripple across international shipping lanes. On December 10, Mexico’s Congress voted to raise duties on more than 1,400 imports from China and other Asian countries.
US Reducing South Korea’s Tariffs
The latest US–South Korea trade deal is shaking up international shipping, with tariffs on Korean imports now dropping to 15%—retroactive to November 1.