President Trump has announced a series of new tariffs on dozens of countries. Canada will see tariffs on its goods increase immediately, to 35% from 25%, while Mexico will get a 90-day extension to reach a trade deal. Hardest hit is Brazil, which faces 50% tariffs on most of its goods, after Trump called for an end to the prosecution of former President Jair Bolsonaro, who’s on trial for plotting a coup after his 2022 election loss.
Meanwhile, a panel of federal appeals court judges on Thursday questioned President Trump’s authority to impose such sweeping tariffs without congressional approval. During the hearing, a judge called the Trump administration’s invocation of the 1977 International Emergency Economic Powers Act suspect, because the law doesn’t use the word “tariff.”