Trump administration races the clock to rebuild US tariff wall knocked down by Supreme Court

The Trump administration is working to replace lost tariff revenue after the Supreme Court invalidated key tariffs. The Treasury faces expiring Section 122 tariffs by July 24, with plans to use Section 301 of the Trade Act of 1974 to impose new tariffs on countries like Brazil. Revenue from tariffs dropped sharply after the court ruling, leading to a $25.6 billion Treasury loss in June.