Trump announces steep new tariffs, reviving trade war - World News

Contributing sentiments towards policy:

56% : In a separate post, Trump wrote of a 25 percent tariff on "all 'Heavy (Big) Trucks' made in other parts of the world" to support U.S. manufacturers such as "Peterbilt, Kenworth, Freightliner, Mack Trucks and others.
50% : Trump has made extensive use of Section 232 to initiate investigations and impose tariffs on imported goods as part of his efforts to bolster U.S. manufacturing and punish countries that he says are taking advantage of the U.S.. The real-estate tycoon also targeted home renovation materials, writing "We will be imposing a 50 percent Tariff on all Kitchen Cabinets, Bathroom Vanities and associated products," as of Oct. 1. "Additionally, we will be charging a 30 percent Tariff on Upholstered Furniture," he added.
45% : Australian health minister Mark Butler said Friday that the higher rates were "not in the American consumers' interest... particularly given the degree to which their exporters to Australia benefit from that free trade as well."
45% : Trump said the truck tariffs were "for many reasons, but above all else, for National Security purposes!" Earlier this year, the Trump administration launched a so-called Section 232 probe into imports of trucks to "determine the effects of national security," setting the stage for Thursday's announcement.
27% : Trump is on a mission to rebuild manufacturing through protectionist policies that mark a complete reversal of modern U.S. policy to maintain an open and import-dependent economy.
19% : Trump has also used emergency powers to impose extra tariffs on trade deal partners Canada and Mexico, as well as on China, citing concerns over fentanyl trafficking and illegal immigration.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.