Trump’s new wave of tariffs, briefly explained

Trump’s new wave of tariffs, briefly explained


Welcome to The Logoff: President Donald Trump is preparing to rev up his trade war again, even as he extends a pause on some tariffs until next month. Previously, a drastic dip in the markets managed to spook him into backing down, and the markets reacted negatively to his Monday announcement — but it’s unclear what we should expect at this point. There’s also a pending court case over the legality of Trump’s tariffs, which he has imposed using emergency authority, but don’t expect a quick resolution there, as a ruling by the US Court of International Trade blocking the tariffs is currently on hold.

Author: Cameron Peters


Published at: 2025-07-07 21:40:56

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