Trump rebuilds trade regime with new tariffs on global trading partners

Axios reports the Trump administration announced tariffs up to twelve point five percent on sixty trading partners. The tariffs target nations not effectively blocking goods made with forced labor. Countries with bans but weak enforcement face ten percent; others face twelve point five percent. India qualified for the lower rate after recently adopting enforcement measures. Oil, gas, and certain food products are exempt. This marks the third shift in legal authority for tariffs in recent months—the Supreme Court struck down the previous basis, forcing the White House to seek new legal footing.

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