What is Section 122 and how is it different from IEEPA?

Section 122 authorizes short, time-limited tariff actions with clearer procedural guardrails, including consultation and transparency. IEEPA is a national security tool that the Supreme Court just curtailed for broad duties. Expect narrower scope, more documentation, and defined timelines under Section 122 tariffs, which investors can model with greater confidence.

Which sectors face the highest near-term risk under the Trump 10% global tariff?

Import-heavy retailers, consumer electronics, apparel and footwear, autos, machinery, and hardware face the most pressure. These groups rely on foreign components and finished goods. Margin outcomes hinge on price pass-through, promo intensity, and mix shifts toward private label or lower-cost substitutes that protect unit demand.

How should companies approach potential IEEPA tariff refunds now?

Centralize customs entries, proof of payment, broker communications, and prior protest filings. Coordinate with counsel and your customs broker to confirm eligibility and timing. Model refunds as contingent inflows that may partially offset new costs. Do not book benefits until official guidance and documentation requirements are clear.

When might consumers see price changes from the new 10% tariff?

Shoppers usually feel changes when current inventories run down and new dutiable shipments arrive. Fast-turn goods can adjust sooner, while longer contracts or regulated categories may lag. Expect targeted list-price updates, promotions, and pack-size changes as companies test demand before broad increases stick.

Law and Government

February 22: Trump’s 10% Global Tariff After SCOTUS Ruling – Investor Guide

ByDanny Kontos February 22, 2026

The Trump 10% global tariff, announced after the Supreme Court curtailed IEEPA-based duties, resets trade risk for US portfolios. The shift to Section 122 tariffs brings stricter limits and timelines, but still raises near-term cost and pricing questions. We outline what changed, where margin pressure may land, how price pass-through could hit inflation, and which headlines to watch this week. For investors, the goal is clear: quantify exposure, assess pass-through capacity, and plan scenarios while policy details finalize.