The Tariff Deadline Every Importer Is Ignoring in 2026
Most of the trade coverage in 2026 has focused on what the Supreme Court did in February. IEEPA tariffs struck down. Refunds incoming. A temporary 10% global rate slapped on in its place. Crisis averted. That reading is wrong. The Supreme Court ruling did not end the tariff story. It started a new chapter with a harder deadline and a more durable legal mechanism. The businesses treating this moment as breathing room are the ones that will be scrambling in August. Here is what is actually happening. The 150-Day Bridge Nobody Is Talking About On the same day the Supreme Court struck down IEEPA tariffs, the Trump administration invoked Section 122 of the Trade Act of 1974 and imposed a flat 10% global tariff on all imports. Section 122 is a rarely used emergency authority. It is also legally capped at 150 days and a maximum rate of 15%. That clock started on February 24, 2026. Do the arithmetic. It runs out on July 24, 2026 . The administration has been explicit ab...