Trump’s new tariffs arrive in a more fragile global economy

The Trump administration has introduced fresh tariffs on 60 trading partners, including the European Union, China, the U.K. and Canada, as a previous temporary tariff rate expired. The new duties, which took effect on Friday, range from 10% to 12.5% and cover nearly all U.S. imports. Unlike last year’s tariff rollout, which surprised markets and triggered a sharp selloff, this round was widely expected and drew a more muted response. Still, analysts say the timing is different because the measures come amid higher inflation pressure, supply chain bottlenecks and continued instability tied to the conflict between the U.S. and Iran. The White House is using Section 301 of the Trade Act of 1974 after the Supreme Court ruled earlier this year that the previous duties were illegal. Market strategists say the legal shift could make tariffs a more lasting part of U.S. trade policy, raising the risk of a longterm drag on global growth.