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Trump Sets 10-12.5% Tariffs, Targets $900 B Revenue

7/29/2026

50 8 Full Breakdown

Summary

Story summary

U.S. President Donald Trump imposed new Section 301 tariffs on more than 80 countries on Friday after the Supreme Court struck down earlier tariffs.
The rates are 10 % for 17 partners—including Argentina, the European Union and Taiwan—and 12.5 % for the remaining 41 partners.
The Treasury estimates the tariffs could generate up to $900 billion in revenue over ten years, lowering the 2036 debt-to-GDP ratio to 122%.

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Story summary

U.S. President Donald Trump imposed new Section 301 tariffs on more than 80 countries on Friday after the Supreme Court struck down earlier tariffs.
The rates are 10 % for 17 partners—including Argentina, the European Union and Taiwan—and 12.5 % for the remaining 41 partners.
The Treasury estimates the tariffs could generate up to $900 billion in revenue over ten years, lowering the 2036 debt-to-GDP ratio to 122%.