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Trump Eyes New Global Tariffs | US News
Description
Trump’s administration is poised to unleash sweeping new tariffs on sixty countries as existing 10% global duties expire this Friday, with rates expected to climb to 10–12.5%. Leveraging a Section 301 probe into forced labor — not the emergency powers blocked by the Supreme Court — the move aims to shield American industries. Just yesterday, a 50% tariff was slapped on Canadian electrical goods, sparking Prime Minister Trudeau’s vow to retaliate. While some officials urge caution to avoid economic turmoil ahead of midterms, the administration presses forward, eyeing additional investigations into manufacturing overcapacity in the EU, China, and Japan — setting the stage for even more trade friction.
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