What is Section 122 of the Trade Act and why does it matter now?

Section 122 allows temporary import surcharges to address balance-of-payments issues. The current US policy sets a 10% global tariff, with talk it could rise to 15% if pressures persist. It matters because it lifts import costs, can trigger retaliation, and tightens financial conditions that influence earnings, valuations, and risk appetite across global and Indian markets.

Why is the Dow Jones today weaker after the tariff move?

Markets are pricing higher costs, softer global demand, and fresh legal uncertainty. Technicals also lean cautious: RSI near 43, negative MACD histogram, and CCI oversold. Until clarity emerges on escalation risk, compliance timelines, and any offsetting measures, equities tend to de-risk, led by cyclicals and trade-exposed names within the index.

Could companies receive tariff refunds on earlier duties?

Yes, but only if courts finalize adverse rulings against prior IEEPA-based duties and if importers meet eligibility and documentation requirements. Timing and scope remain uncertain. Firms should keep audit-ready records, reconcile entry data with customs brokers, and consult counsel to preserve claims. Treat any potential refunds as optionality, not as base-case cash flow.

How should Indian investors adjust portfolios now?

Favor quality and domestic demand exposure, maintain selective exporters with pricing power, and hedge USD receivables. Use staggered entries near identified support bands rather than chasing bounces. Consider protective puts on global exposure. Reassess supply-chain sensitivity and procurement terms in portfolios, and keep dry powder for volatility if the tariff rises toward 15%.

Which indicators help gauge near-term direction?

Watch Bollinger bands for range breaks, RSI crossing above 50 for improving momentum, and ADX rising above 20 for trend formation. Track index levels around 48,600–49,000 as support and 49,450–50,300 as resistance zones. Pair technicals with fresh policy headlines, PMI data, and company guidance to validate entries and exits.

Law and Government

^DJI Today, February 24: New 10% Tariff Stokes Trade War Risk

ByDanny Kontos February 24, 2026February 24, 2026

Dow Jones today is under pressure as the Trump 10% tariff takes effect under Section 122 Trade Act, with a possible lift to 15% if balance-of-payments stress is cited. Dow Jones today trades near 49,155, reacting to higher import costs, weaker global demand signals, and legal talk on tariff refunds linked to earlier IEEPA duties. For Indian investors, this mix tightens financial conditions, tests export margins, and could stir rupee volatility. We break down the policy, market levels, legal risk, and portfolio moves.