Trump’s new tariffs target 60 countries over forced labor concerns, with USTR Jamieson Greer insisting the 10–12.5% rates won’t disrupt the economy—since they’re similar to current levels and won’t affect Fed decisions. While narrower than past global tariffs, they still cover nearly all U.S. imports. Greer also previewed an upcoming probe into excess industrial capacity in 16 nations—including China, Mexico, and the EU—with potential for more tariffs. He defended using Section 301, the same legal tool from Trump’s first term, citing a Supreme Court reference and ongoing trade enforcement efforts.
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