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1:18Now PlayingOne year later, how are Trump's tariffs doing? From frenzied deal-making to Supreme Court rulings, looks at where things stand today.
Since his re-election in November 2024, President Donald Trump has threatened tariffs and other trade measures on adversaries and allies alike at a rate of about once a week. He followed through on some big threats, but most were watered down or never implemented.
With the Supreme Court tossing most of Trump’s tariffs in February, Trump has now reverted to other, less flexible and more legally durable authorities.
The world now faces a 10% global levy, but under a temporary program that will expire on July 24. By then, Trump’s trade team hopes to have taken the steps required to impose other duties, with the goal of replicating the protectionist wall erected last April.
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