Trump Imposes Section 122 Tariffs After Halting IEEPA Tariffs; Previews New Section 301 Investigations

Effective February 24, 2026, the United States imposed a new global 10% tariff under Section 122 of the Trade Act of 1974, while terminating tariffs previously implemented under the International Economic Emergency Powers Act (IEEPA). These developments follow the February 20, 2026, decision by the U.S. Supreme Court invalidating the IEEPA tariffs.... By: Wiley Rein LLP