He said it in public. These are the documents on what happened next. Browse all records.
Why these cases
Trump sold “America First.” This record traces how public money, power, and risk moved toward family businesses, donors, favored firms, and foreign governments: and what workers, ranchers, retirees, patients, veterans, and small investors were left to absorb.
documentedTrump ordered a 10 percent baseline tariff on imports and additional country-specific rates under the International Emergency Economic Powers Act.The White HouseRead record · 1 sourcedocumentedAfter the ruling, Trump imposed a temporary global import duty under Section 122 of the Trade Act of 1974, replacing the invalidated IEEPA baseline regime with a time-limited tariff.The White HouseRead record · 1 sourcedocumentedAt Trump's direction, USTR imposed Section 301 duties of 10 percent or 12.5 percent on covered products from 60 economies, effective as the temporary Section 122 duty expired on July 24.Office of the United States Trade RepresentativeRead record · 1 source
Outcomes
reportedThe Budget Lab modeled the tariffs then in effect as raising the short-run price level by 1.8 percent and reducing average household purchasing power by about $2,400 in 2025 dollars.The Budget Lab at YaleThe Budget Lab at YaleRead record · 2 sourcesreportedFor the temporary policy in force after the ruling, the Budget Lab estimated an ultimate 0.5 to 0.6 percent price-level increase and a $600 to $800 average-household loss if the Section 122 tariff expired as scheduled.The Budget Lab at YaleRead record · 1 source
People and impacts
Who gained
U.S. producers modeled to gain output in protected sectors
U.S. Customs and Border Protection
Who paid or was affected
U.S. importers
U.S. households
U.S. importers
U.S. households
Legal status
documentedThe Supreme Court held that the International Emergency Economic Powers Act does not authorize the President to impose tariffs, affirming the judgment against the challenged IEEPA tariff program.Supreme Court of the United StatesRead record · 1 source
Amounts and affected parties
lossSuperseded August 2025 purchasing-power model per average householdabout $2,400 per average household in the superseded August 2025 model
Loss or cost borne by
U.S. households
lossSuperseded February 2026 purchasing-power scenario per average household$600-$800 per average household in the superseded Section 122 scenario
Trump imposed the tariffs as promised, and the incidence evidence puts part of the bill on U.S. households, against the affordability promise. The original IEEPA duties were invalidated, the temporary Section 122 duty expired, and the July 2026 Section 301 regime changed the exposure materially. What that regime costs a household remains unresolved.