The Unexpected Winners From Trump’s New Global Tariff

“President Trump’s new 10 percent tariff on global imports has created a new slate of winners and losers, suddenly reshuffling the prospects for countries that have spent many months angling for lower tariff rates than their neighbors and competitors,” the New York Times reports.

“The 10 percent tariff, which was issued under a legal provision known as Section 122, replaces the previous system of levies that the Supreme Court struck down last month. The change is particularly beneficial to major exporters that had faced the highest tariffs rates under that old regime, including Asian nations like China, Bangladesh, Vietnam and Indonesia, as well as Brazil.”

“Canada and Mexico also face much lower nominal rates, though in practice many of their exports have been excluded under the terms of a North American trade pact. The losers are countries that previously had the lowest rates — including close allies like Britain and Australia — who have seen their advantage over other exporting nations erased.”