MarketWatchOpen original source
Jul 21, 2026, 6:16 PM UTC Victor Reklaitis
The president is expected to impose fresh import taxes this week, as levies from February are only able to remain in effect for 150 days
In February, President Donald Trump turned to Section 122 of the Trade Act of 1974 to impose a 10% global tariff for 150 days, with his move coming shortly after the Supreme Court ruled against his use of the International Emergency Economic Powers Act to impose his import taxes.
With the 150-day period ending, Trump now looks poised to seize on yet another authority to maintain his tariffs — probably Section 301 of the Trade Act of 1974.