In Charts: Here’s How Much Revenue the Overturned Tariffs Bring In

The Supreme Court ruled on Feb. 20 that a significant portion of President Donald Trump’s global tariffs were invalid. The decision applies to a set of tariffs implemented under an emergency powers law, called the International Emergency Economic Powers Act (IEEPA). IEEPA tariff measures include reciprocal tariffs on all countries, fentanyl tariffs on China, Mexico, and Canada, transshipment tariffs on Canada, Russian oil, and Venezuelan oil tariffs on India, free speech tariffs on Brazil, and trade deals with foreign countries. In his response to the decision, Trump said he will impose a blanket 10 percent tariff on all trading partners under another authority, known as Section 122 of the Trade Act of 1974. Those tariffs can only be levied for 150 days, after which they will need to be extended by Congress. The administration will also explore other tariff pathways, such as Section 301 of the same law, which requires the Department of Commerce to conduct an investigation into potential unfair trade practices before imposing tariffs to remedy violations....