US administration replacement tariffs recover 60% of revenue from invalidated emergency duties
The White House's new tariff regime is projected to generate $105 billion annually, covering only 60% of the revenue lost following the Supreme Court's invalidation of previous emergency duties. The shortfall stems from the narrower scope and increased exemptions in the new policy compared to the original measures.
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Brazil — 18 developments
US Implements Broad Tariff Regime; Global Responses Vary
The US has implemented a new broad tariff regime across 60 nations with variable 10-12.5% rates, replacing previously invalidated emergency duties. This policy includes an exemption list for over 2,000 items, generating approximately 60% of the revenue from the prior measures. Responses from affected nations are varied, with some deferring action or rejecting retaliation, while others express concerns over economic impact.