
Timeline: What to know about Trump's global tariff rollout
President Donald Trump has repeatedly said the word 'tariffs' is one of his favorite and one of the most beautiful. He's made that abundantly clear over the past few months by enacting sweeping tariffs on all America's trading partners, levying higher import taxes on specific products, and threatening yet more action.
For those keeping score – or at least attempting to – you'll quickly learn that no tariff is set in stone. At the flick of a switch, Trump has significantly dialed up and down tariffs – both ones in place and ones he's threatened.
But Trump's ability to continue minting tariffs faces a crucial test after landmark rulings by the Court of International Trade, which the administration is appealing.
Where do tariffs stand now and how did we get here? Keep scrolling to find out.
Photo credits: Brendan Smialowski/AFP/Getty Images,,,
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Skift
28 minutes ago
- Skift
Travel's Best Paid CEOs: Where They Rank
The pay for a dozen travel company CEOs in the S&P 500 attracted compensation greater than half of their peers in the S&P 500. How does the compensation of travel CEOs compare with peers in the S&P 500? The three highest-compensated CEOs of travel and travel-related companies in 2024 were Glenn Fogel of Booking Holdings ($44.8 million), Bob Iger of Disney ($41.1 million), and Uber's Dara Khosrowshahi ($39.4 million), according to the Wall Street Journal's annual survey of S&P 500 CEO pay. Fogel ranked 16th among all S&P 500 CEOs, Iger was 19th, and Khosrowshahi was 21st — placing all three in the top 25. We included Iger and Khosrowshahi in our list. Although Disney is a media and e

Associated Press
29 minutes ago
- Associated Press
Journalism opens as the Belmont favorite. Kentucky Derby winner Sovereignty is the 2nd choice
SARATOGA SPRINGS, N.Y. (AP) — Kentucky Derby runner-up and Preakness winner Journalism opened as the 8-5 favorite in the Belmont Stakes when post positions were drawn Monday for the final leg of the Triple Crown. Derby winner Sovereignty was set as the second choice on the morning line at odds of 2-1 and drew the No. 2 post. Journalism, near the outside with the No. 7 post, is the only horse running in all three Triple Crown races. 'He's been kind of the same horse since July of last summer,' trainer Michael McCarthy said. 'He does everything you'd ask a good horse to do: He eats well, trains well, acts well. I thought through the last six, seven weeks here, his energy's been the same throughout.' Sovereignty is back after owners and trainer Bill Mott opted to skip the Preakness and run the Belmont on five weeks of rest, and things have gone swimmingly since he arrived at historic Saratoga Race Couse. 'We've been very lucky with everything that's gone on sine he's been here,' Mott said. 'He's been moving well over the track.' Sovereignty and Journalism in the field set up this Belmont, the second at Saratoga while renovations are made to its usual home on Long Island, to be a rematch between the first two Triple Crown winners who were also first and second the Derby. 'He's improved, as I think as many of these horses have,' Mott said of Sovereignty. 'I think this entire group, if you look at their form and the way they've developed over the course of this year, I think they've made steady progress and it should be an interesting race.' No. 6 Baeza, who finished third in Kentucky on the first Saturday in May, opened at 4-1. Hall of Fame trainer Bob Baffert's Rodriguez, who was scratched from the Derby because of a minor foot bruise and held out of the Preakness, was next at 6-1 and will leave the starting gate from the No. 3 post. The field of eight horses also includes No. 8 Heart of Honor, tied for the longest shot on the board at 30-1 after finishing fifth in the Preakness. New to the Triple Crown trail are No. 1 Hill Road (10-1), No. 5 Crudo (15-1) and No. 4 Uncaged (30-1). Journalism, who was favorited in the Derby and the Preakness and at the moment is the top 3-year-old in the country, looks like the horse to beat. 'Saratoga is very good for horses,' McCarthy said. 'He seems a little bit re-energized up here. We're looking for a wonderful renewal of the Belmont here on Saturday.' ___ AP horse racing:

Wall Street Journal
30 minutes ago
- Wall Street Journal
A Better Way to Make New York Affordable
Look alert, New Yorkers: Congress has a chance to cut the cost of living, and it's not the SALT deduction. Rep. Nick Langworthy (R., N.Y.) has introduced a bill in the House that would reduce the cost of federally funded construction projects in the state. New York's Labor Law 240, known as the Scaffold Law, imposes absolute liability on property owners and contractors for construction workers' gravity-related injuries from falling or being hit by a falling object. Enacted in 1885, the absolute liability standard applies even when the worker is at fault.