POLITICS

U.S. Seeks Durable Import Taxes After Court Rejection

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Washington. President Donald Trump this week moved to replace tariffs struck down by the Supreme Court in February, proposing durable import taxes to succeed temporary levies imposed after that decision; those temporary measures expire in less than three months. The administration says the move aims to preserve revenue for the U.S. Treasury and bolster its protectionist trade policy. Washington. The Office of the U.S. Trade Representative begins hearings this week, with an initial Tuesday-Wednesday session probing whether 60 economies — accounting for 99% of U.S. imports — sufficiently prohibit products made with forced labor; investigators say the inquiries could lead to a new round of tariffs, which are likely to face court challenges and may raise consumer costs.

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Timeline of Events

February — Supreme Court struck down the administration's prior tariffs.
Immediately after — Administration imposed temporary import taxes as stopgaps.
This week — USTR opens two investigations expected to lead to new tariffs.
Tuesday-Wednesday — First hearing examines forced-labor links across 60 economies.
Within months — Temporary levies are set to expire, prompting action.

News Intelligence

These new tariffs could affect your wallet. If they pass, goods from 60 economies might cost more. This includes most things you buy. Keep an eye on the news for updates.