President Trump imposes new tariffs on 80+ countries

President Trump is imposing new tariffs on over 80 countries using Section 301 of the Trade Act of 1974 to combat forced labor and raise U.S. Treasury revenue. The tariffs range from 10% to 12.5%, and recent actions include 25% tariffs on Brazil, 50% on Canada, and up to 200% on generic drugs. The new tariffs are expected to face legal challenges.