Ana Swanson

And the other piece of this is that this new system, this flat 15% tariff for everybody, for some countries feels really, really unfair.

because they have made a lot of concessions to the United States in order to lower their tariff rates.

Now they're right back where everybody else is.

So countries like Britain and Australia were at 10%.

Now they're at 15% along with other countries like Vietnam, Indonesia, India.

So a lot of people in other countries just questioning whether they should have made all these concessions to the president for tariffs that are not now in effect.

Yeah, absolutely.

I think they do have a lot of risk when it comes to poking the bear.

The president has been restrained by this Supreme Court ruling.

He's not able to use that emergency power, but he has a lot of other tariff authorities and he can still, you know, levy just incredible taxes on their imports.

So a lot of countries are not backing away from their deals right away.

They're very cognizant that the president has these other tariff powers that he could just whack them with if they do decide to break their agreement.

The administration has also warned other countries that they will, in fact, do that.

You know, sometimes it may take writing a report or it may take, you know, a few weeks or months, but he can still, you know, levy just incredible taxes on their imports that makes a huge difference to industries in other countries that are trying to sell products to the United States.

Right.

I mean, one source said to me that this takes away Trump's lightning bolt powers.

So his Zeus-like ability to just, you know, strike other countries with tariffs.

It doesn't take away the ability to do tariffs at all.

It just requires some planning.

So I think you will continue to see the president use the threat of tariffs.