Trump Administration Readies 10%-12.5% Tariffs on 80+ Countries as Court-Voided Duties Expire
Updated
Updated · The New York Times · Jul 22
Trump Administration Readies 10%-12.5% Tariffs on 80+ Countries as Court-Voided Duties Expire
3 articles · Updated · The New York Times · Jul 22
Summary
10%-12.5% tariffs on goods from more than 80 countries could be unveiled as soon as this week, as the Trump administration moves to replace global duties invalidated in February.
Jamieson Greer told the Senate Finance Committee that a trade “national emergency” persists and said the administration will keep using whatever legal tools it has to sustain Trump’s tariff strategy.
Section 301 authority is expected to underpin the new measures, which the administration says are meant to reindustrialize the economy, protect workers and cut the trade deficit.
Republican senators stressed the value of preserving trade ties for their states, while Democrats attacked the threatened tariffs on allies including Canada and said the levies raise consumer prices.