Trump's Expiring Tariffs Create Last-Minute Uncertainty for U.S. Businesses
As of Thursday afternoon, American businesses face extreme uncertainty because President Trump's Section 122 tariffs, imposed in February 2026, expire at midnight Friday with no clear replacement announced. The Supreme Court struck down earlier IEEPA-based tariffs, forcing Trump to use the Trade Act of 1974, which limits tariffs to 150 days unless Congress extends them. Congress has not acted. White House press secretary Karoline Leavitt promised an announcement later Thursday, but by 4 p.m. none had come, possibly delayed until after stock market close. Trade Rep. Jamieson Greer offered no clarity. Studies show the uncertainty and direct costs—estimated at $25-30 billion over 150 days—have harmed the economy, with businesses unable to plan expansions, hiring, or orders. Critics argue the chaos underscores the need for Congress, not the president alone, to set trade policy.
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