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Trump’s New Tariffs Ignite Trade War | Lawrence News

Trump’s New Tariffs Ignite Trade War | Lawrence News

Published 1 month ago
Description

Trump’s new global tariff blitz targets 60 countries with 10-12.5% extra taxes, replacing expired duties already under legal fire—citing forced labor as justification. After the Supreme Court killed his earlier tariffs, forcing $166 billion in refunds, this move signals a tougher stance. A shocking 50% tariff on Canadian goods via a rarely-used Depression-era law has critics calling it “ridiculously blunt,” warning of $1,100 annual price hikes for households. Lawmakers are pushing back, arguing these tariffs hurt American consumers and businesses in an escalating trade chess match with high stakes.

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