Trump’s new tariffs to cost Americans $100 billion per year
US President Donald Trump on Thursday unveiled a new package of tariffs targeting 60 countries that account for over 99% of US imports, a move that—if upheld in court—would cost Americans an estimated US$100 billion per year in the form of higher costs. The duties, ranging from 10% to 12.5%, were announced as part of the president’s effort to maneuver around repeated court rulings against his sweeping tariffs, including by the conservative-dominated US Supreme Court. “Magically, the US tariff probe on forced labor practices is done perfectly in time to replace the generalized but expiring Section 122 tariffs,” noted Bloomberg’s Josh Wingrove, referring to the legal authority Trump cited for earlier tariffs.
- ▪US President Donald Trump on Thursday unveiled a new package of tariffs targeting 60 countries that account for over 99% of US imports, a move that—if upheld in court—would cost Americans an estimated US$100 billion per year in the form of
- ▪The duties, ranging from 10% to 12.5%, were announced as part of the president’s effort to maneuver around repeated court rulings against his sweeping tariffs, including by the conservative-dominated US Supreme Court.
- ▪“Magically, the US tariff probe on forced labor practices is done perfectly in time to replace the generalized but expiring Section 122 tariffs,” noted Bloomberg’s Josh Wingrove, referring to the legal authority Trump cited for earlier tari
2 outlets in our directory ran this story, first to last over 21 hours. All of the coverage we found sits in one bucket: lean left. That one-sidedness is itself worth noticing.
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US President Donald Trump on Thursday unveiled a new package of tariffs targeting 60 countries that account for over 99% of US imports, a move that—if upheld in court—would cost Americans an estimated US$100 billion per year in the form of higher costs. The duties, ranging from 10% to 12.5%, were announced as part of the president’s effort to maneuver around repeated court rulings against his sweeping tariffs, including by the conservative-dominated US Supreme Court. Jamieson Greer, the Trump administration’s top trade official, pointed to Section 301 of the Trade Act of 1974 to justify the new tariffs, introduced with the purported goal of penalizing countries “for their failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.”…
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