Trump Launches New Tariff Regime
The Trump administration imposed new tariffs of between 10 and 12.5 percent on goods from a slew of countries Friday in an attempt to preserve the president’s tariff regime after the Supreme Court struck down his Liberation Day tariffs. Friday, the same time the stopgap tariffs Trump enacted after the Supreme Court struck down his previous tariffs expired. The duties, imposed under the aegis of Section 301 of the Trade Act of 1974, target 80 countries for allegedly failing to prohibit imports made with forced labor.
- ▪The Trump administration imposed new tariffs of between 10 and 12.5 percent on goods from a slew of countries Friday in an attempt to preserve the president’s tariff regime after the Supreme Court struck down his Liberation Day tariffs.
- ▪Friday, the same time the stopgap tariffs Trump enacted after the Supreme Court struck down his previous tariffs expired.
- ▪The duties, imposed under the aegis of Section 301 of the Trade Act of 1974, target 80 countries for allegedly failing to prohibit imports made with forced labor.
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Politics Trump Launches New Tariff Regime State of the Union: The administration is replacing the president’s existing tariffs with a new schedule under a different authority. (Chip Somodevilla/Getty Images) <div class="o-image__issue-wrapper"> <img class="o-image__image" srcset="https://tac.imgix.net/wp-content/uploads/2024/08/TAC_jaddinghs_final.jpg?auto=format&crop=faces%2Centropy&fit=crop&ixlib=php-3.3.1&w=32 32w, https://tac.imgix.net/wp-content/uploads/2024/08/TAC_jaddinghs_final.jpg?auto=format&crop=faces%2Centropy&fit=crop&ixlib=php-3.3.1&w=32 32w, https://tac.imgix.net/wp-content/uploads/2024/08/TAC_jaddinghs_final.jpg?auto=format&crop=faces%2Centropy&fit=crop&ixlib=php-3.3.1&w=32 32w,…
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