{"id":1321,"date":"2025-07-07T06:56:32","date_gmt":"2025-07-07T11:56:32","guid":{"rendered":"https:\/\/liquidstudiodev.com\/ringos-classic\/?p=1321"},"modified":"2025-09-15T11:54:56","modified_gmt":"2025-09-15T16:54:56","slug":"news-three","status":"publish","type":"post","link":"https:\/\/liquidstudiodev.com\/gl-group-classic\/news-three\/","title":{"rendered":"Trump\u2019s Tariffs: What You Need to Know"},"content":{"rendered":"<p>President Trump is once again threatening high tariffs on imports, now set to take effect Aug. 1, creating ongoing uncertainty for U.S. businesses and consumers.<\/p>\n<p><strong>Current Tariffs<\/strong><\/p>\n<ul>\n<li>A 10% baseline tariff applies to nearly all imports, with China facing 30%.<\/li>\n<li>Additional tariffs target steel and aluminum (50%) and autos (25%), with some exceptions under the USMCA trade deal.<\/li>\n<li>Goods from Japan, South Korea, Libya, Iraq, Brazil, and the EU may see rates from 25% to 50%, though implementation is delayed.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Special Cases<\/strong><\/p>\n<ul>\n<li>China faces the highest tariffs due to trade imbalances and concerns over fentanyl.<\/li>\n<li>Mexico and Canada have partial exemptions under USMCA, though Trump has threatened increases on non-covered goods.<\/li>\n<li>The U.K. and Vietnam have trade deals limiting tariffs to 10\u201320%.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Economic Impact<\/strong><\/p>\n<ul>\n<li>Treasury revenue from tariffs hit $27B in June, four times last year\u2019s total.<\/li>\n<li>Uncertainty is affecting manufacturing and capital purchases, according to the Institute for Supply Management.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Legal Challenges<\/strong><\/p>\n<ul>\n<li>Many tariffs rely on the 1977 IEEPA statute. Several lawsuits have challenged their legality, with a federal trade court striking them down but leaving them in effect during appeals.<\/li>\n<li>Trump is also considering tariffs on copper, pharmaceuticals, semiconductors, and lumber, signaling that trade tensions may continue to disrupt global commerce.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.npr.org\/2025\/07\/09\/nx-s1-5460936\/trump-tariffs-economy-china-policy\"><strong>Read the full article on NPR.org \u2192<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Trump is once again threatening high tariffs on imports, now set to take effect Aug. 1, creating ongoing uncertainty for U.S. businesses and consumers. Current Tariffs A 10% baseline tariff applies to nearly all imports, with China facing 30%. Additional tariffs target steel and aluminum (50%) and autos (25%), with some exceptions under the<a href=\"https:\/\/liquidstudiodev.com\/gl-group-classic\/news-three\/\">Continue reading <span class=\"sr-only\">&#8220;Trump\u2019s Tariffs: What You Need to Know&#8221;<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":1914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-press"],"acf":[],"_links":{"self":[{"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/posts\/1321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/comments?post=1321"}],"version-history":[{"count":0,"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/posts\/1321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/media\/1914"}],"wp:attachment":[{"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/media?parent=1321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/categories?post=1321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/liquidstudiodev.com\/gl-group-classic\/wp-json\/wp\/v2\/tags?post=1321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}