BREAKINGVIEWS-US trade war devolves from tragedy to farce

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Gabriel Rubin

WASHINGTON, June 3 (Reuters Breakingviews) - President Donald Trump made good on vows to replace tariffs nixed by the Supreme Court. New levies of up to 12.5% on 60 countries rest on absurd forced-labor claims meant to fit legal constraints. It’s bad policy at an even worse time, as a global supply shock and inflation loom.

Full view will be published shortly.

Follow Gabriel Rubin on Bluesky and LinkedIn.

CONTEXT NEWS

The Trump administration has proposed new tariffs of up to 12.5% on imports from 60 economies after determining they had failed to curb trade in goods made with forced labor, an assertion that was rejected by its trading partners.

The tariffs are designed to replace earlier levies struck down by the U.S. Supreme Court in February.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.