Trump’s temporary global tariff hike to 15% under Section 122 puts trade policy risk back at the center of the market.
📌 After the U.S. Supreme Court struck down most tariff authority under IEEPA, the Trump administration shifted to Section 122 of the Trade Act of 1974 and raised the broad temporary tariff rate from 10% to 15% on imports from most countries.
🔎 The key point is that this is a highly temporary tool, with a legal cap of 15% and a maximum duration of 150 days, while still preserving exemptions for energy, critical minerals, and some strategic goods.
🌍 International reactions are leaning toward concern over renewed uncertainty, as the EU and several partners are urging the U.S. to honor existing agreements and clarify the real scope of implementation.
⚠️ For markets, the more important short-term impact may not be the tariff level itself, but the risk of ongoing policy shifts and fresh legal challenges, which makes supply-chain planning harder for businesses.