What to know about Trump’s new tariffs on more than 80 countries
Summary
President Donald Trump has announced new tariffs on goods from more than 80 countries, including major trade partners like Canada, Mexico, and China. These tariffs range from 10% to 12.5% and are aimed at penalizing countries over forced labor issues, despite a Supreme Court ruling that previously limited the president’s power to impose such tariffs without Congress.Key Facts
- The new tariffs affect over 80 countries, including Canada, Mexico, China, the EU, the UK, Australia, India, Brazil, and Japan.
- Countries that have taken steps to stop forced labor imports face a 10% tariff; others face a 12.5% tariff.
- The Supreme Court ruled in February that President Trump could not use a 1977 law to justify his previous tariffs without Congressional approval.
- The Trump administration is now using a different section of the Trade Act of 1974 to justify the new tariffs.
- Experts predict the new tariffs may be challenged in court and could be struck down by the Supreme Court.
- Most of the cost of tariffs has been passed to American consumers and businesses.
- Many Americans, including Republicans, view tariffs as harmful to the U.S. economy.
- The tariffs are part of Trump's ongoing efforts to protect American jobs and manufacturing.
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