Trump’s tariffs reboot narrows the scope with new carve-outs

Trump is rolling out a more restrained tariff regime to replace last year’s approach after the Supreme Court struck it down, proposing duties on about 60 partners with many rates lower than before and easing steel, aluminum and copper tariffs to reduce pain on farmers and manufacturers. The plan reflects a balance between lowering everyday costs and the push to “reindustrialize” the U.S. with a relatively high tariff wall. The administration’s new framework relies on forced-labor investigations (44 countries could face 12.5% and others 10% where anti-forced-labor laws exist or trade agreements apply) while ongoing probes into other partners continue. Public hearings are planned for July 7 as Europe, Canada, Mexico and others weigh how to respond amid negotiations.