US to impose 10, 12.5% tariffs on 60 trading partners
Putting up trade barriers for things made with forced labor is good, but this is likely an attempt to circumvent the Supreme Court's ruling on Trump's tariffs. Trump has also slashed funding for watchdogs like WRC, which hampers our ability to know when there are labor abuses in our supply chains.
Conveniently this does nothing to hamper goods produced by US prison labor.
The US is the only advanced western economy in the world with forced prison labour and a minimum wage of $7.25/hour.
Bessent said they had a target amount of revenue they needed to get this year from tariffs. These tariffs are blatantly pretextual and should be blocked by the courts.
It’s especially hypocritical from a guy who forced 16 year old “massage therapists” (ie underage girls) to give him BJs.
Yeah notorious slave labour places like Australia...
It’s 100% to get around it using some extremely old law.
Trump just announced the next phase of the trade war, with 10-12.5 percent tariffs on all of our major trading partners. I've got you covered with a deep dive into the law, economics, and politics of this latest episode of the Trump tariff saga: www.youtube.com/watch?v=896S...
...and if you prefer the written word over a video, we've got you covered here: newsletter.platypuseconomics.com/p/better-law...
The reality is the USA cannot be trusted anymore... so signing any sort of trade deal with them is worthless. Trump and the GOP will just renege on it when they feel like it. Best for the rest of the world to do their best to realign trade amongst themselves and move away from the USA.
Thanks, Justin. You’re a mensch.✨ Also, this news totally puts a pit in my stomach. Our putative leader seems hellbent to drive Americans to the poor house.
Canadian here...cunty trump can scream tariffs all he wants, I don't fuckin' care... and I'm sure many of my fellow canucks don't either. We've seen the worst effects from tariffs, we're pivoting, we've accepted short term pain for long term "go fuck yourself 'murica"
Let’s just call it what it is A tax on Americans
I think the strategy is, those who pay or appease him, will get a break. It's the protection racket - on an international scale. It has nothing to do with what is good for America. Only what is good for Trump.
BREAKING: The White House finalized new double-digit tariffs on dozens of trading partners as it seeks to reconstitute duties that the Supreme Court struck down.
more illegal tariffs that will have to be paid back to companies and not their customers
The insistance of the US nation to keep him there is the true insanity.
The supreme Court made him pay these back. Why/who is letting him do this scam again???
The moron proves himself a moron once again!😳🤨
Wasn't that ruled ho be illegal even by Trump's own pocket SCOTUS?
So what? American consumers have to pay this shit up. Keep voting maga
Hey US! You’re about to pay more hefty #TrumpTax!
If you didn’t vote for Kamala Harris in 2024, you are responsible for this
Reminder that tariffs are sales taxes and that sales taxes are generally regressive. We should be structuring taxes in a progressive manner instead.
The important thing to do before a midterm election is to make everything voters purchase cost more It's strategy.
And no one will stop him.
The Trump administration will impose new tariffs on 60 trading partners, including the European Union, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expires.
Didnt SCOTUS say the tariffs were illegal?
Republicans are really going to take a high hard one in November. This dense mfer is going to ensure it.
Ffs. The country that hasn’t raised the federal minimum wage since 1776 is imposing tariffs on countries for… wait for it… selling products using forced labour…
Hmmm didn’t the Supreme Court rule against this kind of ungrounded tariffs ? Just claiming something doesn’t ground it
Didn't the supreme court say trump's tariffs were a no no?
The same 60 “partners” whose reps laughed at Rubio and Miller on the left wingers pogrom that Trump is weaponizing for the midterms and beyond. The USA Government is run by dangerous sociopaths.
Looking forward to all the hot takes about how Trump needs to abandon these tariffs, which everyone hates, in order to show the GOP is still in touch with Americans but we’ll probably just get 100 more pieces about some DSA members winning primaries in Brooklyn means the Dems are doomed for 50 years
here we go again. how many times do we have to tell him he can’t do that before he finally learns?
Trump is doing this is because he wants to throw the US into a recession or depression - there can be no other reason. And yes, I understand that he’s stupid, but his actions go beyond that.
Trump will launch new double-digit tariffs on dozens of US trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court. www.npr.org/2026/07/23/g...
Doubling down on the stupid
Might as well gouge, whatever trading partners we have left…
Double Digit Tariffs on old friends, nuclear proliferation to Governments who kill Reporters... Got it.
I thought the American people understood by now, these tariffs are a hidden tax on American consumers. They have little effect on foreign countries, but, as previously seen & experienced, it only raises prices to US consumers. MAGA thinks this is good ? www.theguardian.com/us-news/live...
ON millions of American Taxpayers. We're the ones that pay tariffs. By now he probably rubs his hands over how he's double dipping the rubes.
Trump is doing a great job of shutting down trade while Americans pay higher prices. Trump understands trade the same way he believes in a huge faucet for water on the west coast.
How do you spell inflation?
The Trump administration has announced that dozens of America's trading partners will face new tariffs of 10% to 12.5% on goods shipped to the US. https://cnn.it/4femPNm
I thought the Supreme Court said he couldn’t do this. Or is he just completely ignoring them now?
In short: he wants the American citizen to pay more for products.
Didnt scotus rule against these reactionary tarriffs?
Trump has already been told to pay back the tariffs he made previously, because his tariffs are illegal. Therefore, the Trump administration announcing that dozens of American trading partners will face new tariffs is in fact illegal and they will face nothing.
So the buffoon has no other ideas?
I’m getting tired of someone not understanding how tariffs work.
The inflation is intentional. You are being robbed.
@chickgonebad.bsky.social @vespavixen.bsky.social This reporting is false and they know it. The tariffs are not levied against the trading partners, they are paid by the US importers, who then pass the charge on to the US consumers. We pay for the tariffs !!! Do better @cnn.com
US will impose between 10 and 12.5% tariff on countries that are top trading partners, US trade representative says
Our prosperity since WWII is built on nations eliminating tariffs. He's diminished the nation with this tariff fiasco, harmed other nations, and likely weakened the global economy. This will come back to hit us in the second half of his term as our economy weakens. Trump doesn't know when to quit.
It boggles my mind that the rest of the world hasn't quarantined Trump's Amerika. They need to grow a pair and boycott everything Trump.
Breaking: The U.S. will impose tariffs ranging from 10% to 12.5% on its major trading partners in a new set of duties designed to withstand legal scrutiny. wsj.visitlink.me/dDswge
Dear lord can someone please take away his tariff toys?
Well, it’s a good thing They thought this thru and it won’t at all raise prices on the American people.
Seems to be working wonders thus far.
Dumb orange guy is just begging to get impeached in 2027.
Edit: trump will impose… in retaliation for something.
are we serious? additional tariffs?
Trump is hell-bent on raising your prices. His new tariffs are a nationwide sales tax that will only serve to make life harder for Americans just trying to make ends meet.
🎶Who is paying the tariffs?🎶
Nap Time has never been more over
I truly don’t think ppl are pricing in on Trump is just senile, throwing a tantrum willing to burn it all down to deny he feels embarrassed (Iran, ICE, tariffs) Like we have to take all his threats seriously bc no one is stopping him
Tom Tiffany thinks this is really cool
trump is very predictable at this point, contrary to the analysis of him being a loose cannon
That Emerson D+11 poll isn’t going to end up an outlier at this rate