After the Supreme Court ruled that his original tariff policy was illegal, Trump quickly invoked Section 122 of the Trade Act of 1974, announcing a 10% tariff increase on goods imported into the U.S. globally. Just one day later, he announced on social media that the tariff rate would be raised to 15%, effective immediately. This new regulation aims to bypass legal obstacles but is only valid for 150 days and faces a wave of lawsuits from hundreds of American companies demanding refunds of the old tariffs.