Tariffs

Tariff Man

Plus: House votes on war powers as Trump enters Iran war "revenge mode," Ted Cruz worries about AI, Marvel movies are planned through 2042, and more...

Peter Suderman | 7.24.2026 9:31 AM

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Call of duties. After most of President Donald Trump's unilateral tariffs were struck down by the Supreme Court earlier this year, the president reinstated a sweeping global 10 percent tariff under a different—and also questionable—legal authority. But the new legal authority comes with a 150-day clock, meaning the reinstated tariffs would eventually expire. 

Today, the 150 days are up. And as of yesterday afternoon at 4 p.m. in Washington, D.C., no one knew precisely what the next tariff regime would look like. 

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Well, the new tariff regime has finally been announced, and it looks a lot like the old one. Most of America's significant trading partners—some 60 economies—will now face a 10 percent tariff. Those without laws intended to prevent forced labor will be hit with a 12.5 percent tariff. 

Ostensibly, according to the administration, the move "encourages stronger labor rights enforcement abroad." The White House called the new tariffs "the most sweeping international labor rights action the United States has ever taken." 

But there's some reason to be skeptical of the stated motivation, given that Trump has long pushed for widespread tariffs under a variety of justifications, not all of which are internally coherent. As visiting Georgetown Law scholar Peter Harrell told The New York Times, Trump's trading........

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