Trumpβs New βForced Laborβ Tariffs Were Set Under Sham Pretenses
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President Donald Trump has made clear from very early in his second term that he intends to reorder global trade Β by instilling permanent tariffs. More than a year later, his government has proven relentless in its attempt. Compounding the growing inflationary pressures from his ill-conceived war in Iran, Trump on Friday set a new round of tariffs ranging from 10% to 12.5% on products from more than 80 countries.
But like other aspects of the administrationβs signature policies β from bogus Justice Department investigations to unfounded claims of widespread national voter fraud β the stated reasons behind the administrationβs freshest round of tariffs smell like a sham, a former trade official and international trade policy expert told TPM.