Trump Imposes 10% To 12.5% Tariffs On 60 Trading Partners, Sparking Lawsuits And Retaliation Threats
The Trump administration imposed new tariffs ranging from 10% to 12.5% on goods from 60 countries as a temporary global duty expired Friday at midnight, prompting an immediate lawsuit from U.S. small businesses challenging the levy on forced labor grounds.
Trade partners condemned the levies as completely unjustified, with Brazil noting the duties affect 23.1% of its exports and Canadian Prime Minister Mark Carney warning that Canada will respond if trade disputes intensify. Legal experts cautioned the measures face a high risk of being blocked by courts, citing uncertainty over the administration’s authority.
From the sources (25 posts)
@politico‘We’re getting into an ugly phase’: Trump’s new tariffs are angering voters and U.S. allies alike
@thehillTrump reignites tariff war despite legal losses, GOP jitters
@washingtonpostTariff lobbying surged after President Trump’s “Liberation Day” tariffs took effect last year, according to a data analysis by Advancing American Freedom, the conservative group founded by former vice president Mike Pence.
@atruparNew in PN: Tariff Man's new assault on Canada is his dumbest yet "The legal basis is a hundred-year-old statute most commonly associated with the movie Ferris Bueller’s Day Off and, before that, the Great Depression. And if courts let him
@washingtonpostThe Trump administration is expected to introduce permanent tariffs as soon as this week to replace the temporary import penalties it imposed after the Supreme Court abruptly upended President Trump’s trade strategy earlier this year. https
@jimsciuttoThis anti-Canadian sentiment goes back to the first Trump administration when Navarro, among other things, disparaged Canadian military sacrifices alongside the U.S. When he said I’d taken the comments out of context, I shared the transcrip
@atruparRT @JeanetteKStone1: “Trump has now blown up or threatened to blow up three trade relationships with major partners inside of six months….…
@theinsiderpaperNEW: US Trade Rep. Jamieson Greer is set to make an announcement on tariffs later Thursday, the White House said
@businessAs the expiration date approaches for temporary tariffs President Trump invoked to replace those the Supreme Court struck down, his administration plans to impose more durable levies to maintain its tariff wall. Here's what to know https://
@financialjuiceUS sets 10%-12.5% tariff for many nations, citing forced labor
@financialjuiceUS forced-labor tariffs begin as prior 10% global duty expires
@financialjuiceUS exempts oil, gas, fertilizer, and food stuffs from labor tariffs
@financialjuiceSenior US Official: US tariff action is the most sweeping ever.
@wallstengineThe U.S. 🇺🇸 will impose 10% to 12.5% tariffs on imports from many countries under new forced-labor measures, replacing the prior 10% global duty as it expires. Oil, gas, fertilizer and food products are exempt.
@financialjuiceUS imposes 10% tariff on India over forced labor.
@firstsquawkUS FORCED-LABOR TARIFFS TAKE EFFECT AS THE PRIOR 10% GLOBAL DUTY EXPIRES, WITH RATES OF 10%-12.5% SET FOR MANY NATIONS || US EXEMPTS OIL, GAS, FERTILIZER AND FOODSTUFFS FROM THE FORCED-LABOR TARIFFS
@deitaoneUS SETS NEW 10%-12.5% TARIFFS AS GLOBAL 10% PENALTY EXPIRES
@financialjuiceU.S. official: New forced labor tariffs mostly follow June plan
@financialjuiceU.S. official: these aren’t simply copying ieepa tariffs invalidated by Supreme Court
@financialjuiceU.S. official: oil, gas, fertilizer and select food products to be exempted
@financialjuiceU.S. Official: New Section 301 Tariffs Start at 12:01 a.m. July 24 (0401 GMT)
@financialjuiceU.S. official: products meeting USMCA exempted because of integrated North American supply chains, high U.S. content levels
@zerohedgeThe U.S. will impose tariffs ranging from 10% to 12.5% on its major trading partners as part of a new set of duties that the Trump administration says are designed to combat forced labor: WSJ
@financialjuiceU.S. official: goods under section 232 national security tariffs exempt from new forced labor duties
@financialjuiceU.S. official: president will employ available tools, including tariffs, to achieve desired outcomes