President Trump announced a new round of tariffs targeting various countries and businesses, specifically citing national security concerns. These tariffs are being implemented under Section 232 of the Trade Expansion Act, which allows the executive branch to impose tariffs based on perceived threats to U.S. interests. The tariffs will affect goods and services traded with these nations, potentially impacting industries and supply chains. The administration has indicated a focus on sectors deemed vulnerable to potential disruption or security risks. The decision follows a previous announcement of similar tariffs.
Credits: NYT > Top Stories