cnbc_topnews

Trump: New tariffs 'doing the same thing' as the ones struck down by Supreme Court

📰 source: cnbc_topnews · 💼 business

trump said his new tariffs are functionally the same as those struck down by the supreme court earlier this year. he made the comment in a fox news interview, where he also dismissed the importance of the usmca trade deal with canada and mexico.

just days earlier, the administration imposed new tariffs of 10% to 12.5% on goods from over 80 countries, citing forced labor practices. the tariffs took effect as a temporary 10% tariff expired. a federal lawsuit filed friday accuses the administration of using forced labor as a pretext to restore the broader tariff regime that courts rejected.

trump claimed the tariffs have made the country a fortune and helped stop wars, despite concerns they could hurt the economy ahead of midterm elections. the u.s. trade representative's office did not comment.

why it matters: new tariffs face immediate legal challenge, with lawsuit arguing they are an end-run around supreme court ruling.

source: cnbc_topnews
sentiment: -0.20 · impact: 0.50

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