President Trump on Friday launched a fresh tariff blitz targeting 60 trading partners, including the European Union, China, the United Kingdom and Canada. These duties, ranging from 10% to 12.5%, affect 99.4% of U.S. imports and were implemented via Section 301 of the Trade Act of 1974, after the Supreme Court invalidated the previous measures in February. Initial market reaction was muted as investors had anticipated the new wave before it took effect. Analysts warn, however, that this different legal framework could make tariffs a permanent structural constraint rather than a temporary risk, amid a backdrop of oil prices rebounding above $100 per barrel.
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