{"@context":"https://schema.org","@type":"DefinedTerm","name":"Section 122","description":"Section 122 of the U.S. Trade Act of 1974 authorises the US president to levy a temporary import surcharge of up to 15 percent in order to respond to large and serious US balance-of-payments deficits. The surcharge is limited to 150 days and must apply broadly and uniformly to all countries; an extension requires the consent of Congress. The hitherto rarely used provision gained significance in February 2026: after the US Supreme Court had ruled the reciprocal tariffs based on the emergency-powe","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/section-122","inLanguage":"en","dateModified":"2026-07-02T02:13:44.874959","citation":"Section 122, U.S. Trade Act of 1974 (19 U.S.C. § 2132); U.S. Court of International Trade, Slip Op. 26-47 (07.05.2026); U.S. Court of Appeals for the Federal Circuit, Aussetzung der Untersagung im Rechtsmittelverfahren (11.06.2026); USTR, Section-301-Vorschläge (Juni 2026)","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/section-122","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Section 122 · Section 122 of the U.S. · Quelle: Section 122, U.S. Trade Act of 1974 (19 U.S.C. § 2132); U.S. Court of International Trade, Slip Op. 26-47 (07.05.2026); U.S. Court of Appeals for the Federal Circuit, Aussetzung der Untersagung im Rechtsmittelverfahren (11.06.2026); USTR, Section-301-Vorschläge (Juni 2026)"}