Trump to impose fresh wave of tariffs on more than 80 countries. Photograph: Bloomberg/Getty ImagesTrump tariffsTrump to impose fresh wave of tariffs on more than 80 countriesNew tariffs to replace 10% global duty set to expire on Friday as administration cites concerns over ‘forced labor’.
Donald Trump’s administration has imposed a fresh wave of sweeping tariffs on dozens of US trading partners to replace a 10% global duty that was set to expire early Friday morning – the latest attempt to instate aggressive trade policies despite challenges from the country’s highest court.
Details
The US will impose between a 10% or 12.5% tariff on more than 80 countries, which includes the United Kingdom, Mexico, Canada, Australia, India, China, and the 27 countries that make up the European Union.
A Harris Poll survey, conducted exclusively for the Guardian, found earlier this year that seven in 10 Americans said they paid higher prices because of Trump’s tariffs, and 72% of voters believe the tariffs have had a negative rather than a positive impact on consumers.
Trump had said his administration would investigate unfair trading practices to impose permanent tariffs as soon as the February supreme court decision was announced.
It effectively replaces the blanket 10% tariff that Trump imposed in February, right after the US supreme court declared that his many of his earlier tariffs were illegal.
Trump had long viewed tariffs – border taxes levied on imports – as a core tool to protect American jobs and manufacturing, reduce trade deficits and reverse what he sees as “unfair” practices by US trading partners.
Trump immediately announced another 10% tariff regime under another trade law that had never been used before, which limited the tariffs to a period of 150 days.
Outside of courtroom setbacks, Trump’s tariffs have also proved unpopular among Americans, potentially presenting a threat to Republicans at the midterms this November.
Separately, This belief persisted even among Republican voters: 64% agreed that Trump’s tariffs had led to higher prices, and 60% said tariffs have had a negative impact.
Statements
Context
The Trump administration says it is hitting dozens of countries, including Canada, with tariffs citing forced labour in supply chains.
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Available information indicates that ‘We’re getting into an ugly phase’: Trump’s new tariffs are angering voters and U.S.
allies alike PoliticoTrump tariffs: Threats could hurt electronic production on both sides of the border, expert says CTV NewsTrump's tariff threat could impact Canadian economy but may be negotiation tactic, experts say AP NewsTrump announces 50% tariffs on Canada.
Separately, What it means for consumers USA TodayOpinion | Tariffs Will Long Outlive Trump The New York Times.
