Trump Raises Tariffs, Eyes New Trade Deals

0:00On March 25th, White House Trade Advisor Peter Navarro confirmed that President Trump plans to increase global tariffs from 10% to the maximum, 15% allowed under current trade laws. This comes after the administration first imposed the 10% rate using Section 122 of the Trade Act of 1974, following a Supreme Court ruling that blocked broader emergency tariffs. Navarro called the court's decision a win, as it highlights other established tools like Section 232 for National Security and Section 301 for unfair practices. The U.S. trade representative has started investigations into foreign policies, hurting American workers with possible new tariffs on pharmaceuticals, and semiconductors in the works. Meanwhile, officials remain flexible on deals with allies like the United Kingdom and European Union to put U.S. interests first, pushing ahead with. Ignationalism to boost manufacturing and cut deficits, despite ongoing court challenges.