Aug 3, 2026 · 21 min · 11 segments
News by the Numbers: \- Trump hits 60 Countries with fresh tariffs for “forced labor” \- Prices plunge to 5% annualized deflation \- Study Claims Data Centers Lower Electricity Prices \- New…
That's how many countries President Trump just hit with fresh tariffs over forced labor.
The new tariffs run from 10 to 12 and a half percent and cover 60 countries, including the European Union, Britain, Canada, and New Zealand, all noted hotbeds of slavery.
Trump is using a tariff authority, 301, which allows tariffs against, quote, "unfair foreign trade practices", replacing another authority, 122, that allowed temporary so-called balance of payment tariffs when you import more than you export.
Meanwhile, he's using another relatively obscure authority, 338, allowing tariffs as high as 50% against Canadian goods, including dairy, alcohol, and cars, including some products that were sacred under USMCA, the NAFTA replacement, in a warning shot to Canada's globalist prime minister that it is time to start negotiating on Canada's barriers against the US.
Meanwhile, the administration has opened yet another investigation, this one under 301, into Europe's relentless attacks on American tech companies.
That's after Google was hit with a billion-dollar European fine for supposedly favoring its own services, which brings the tally to $40 billion in fines that the European Union has imposed upon American tech companies.
So why all these different laws all of a sudden? Because when the Supreme Court struck down Trump's tariffs under so-called IEEPA, I-E-E-P-A, the administration said at the time, "Well, we're just gonna reimpose the tariffs using other long-standing laws, some of which date from 1930." So they were running with that temporary Section 122, but that just ran out, and so now they are going to the woodshed and seeing what else might work.
So the administration is now cycling through those other tools, the ones that Congress has left lying around, which include 301 for unfair trade, 338 for discrimination, 232 for national security, 201 import surges, and that old classic, 122, for balance of payment.
In fact, America accounts for almost one-third of global consumption, and so Trump's thinking is access should not be given away for free.
So he wants other countries to lower their trade barriers, buy more American goods, move production into the US, and stop using taxes and fines to raid American companies.
So tariffs are the leverage, and for 30 years, Washington treated access to the American consumer as a charitable donation to the rest of the world.
That's how many countries President Trump just hit with fresh tariffs over forced labor.
The new tariffs run from 10 to 12 and a half percent and cover 60 countries, including the European Union, Britain, Canada, and New Zealand, all noted hotbeds of slavery.
Trump is using a tariff authority, 301, which allows tariffs against, quote, "unfair foreign trade practices", replacing another authority, 122, that allowed temporary so-called balance of payment tariffs when you import more than you export.
Meanwhile, he's using another relatively obscure authority, 338, allowing tariffs as high as 50% against Canadian goods, including dairy, alcohol, and cars, including some products that were sacred under USMCA, the NAFTA replacement, in a warning shot to Canada's globalist prime minister that it is time to start negotiating on Canada's barriers against the US.
Meanwhile, the administration has opened yet another investigation, this one under 301, into Europe's relentless attacks on American tech companies.
That's after Google was hit with a billion-dollar European fine for supposedly favoring its own services, which brings the tally to $40 billion in fines that the European Union has imposed upon American tech companies.
So why all these different laws all of a sudden? Because when the Supreme Court struck down Trump's tariffs under so-called IEEPA, I-E-E-P-A, the administration said at the time, "Well, we're just gonna reimpose the tariffs using other long-standing laws, some of which date from 1930." So they were running with that temporary Section 122, but that just ran out, and so now they are going to the woodshed and seeing what else might work.
So the administration is now cycling through those other tools, the ones that Congress has left lying around, which include 301 for unfair trade, 338 for discrimination, 232 for national security, 201 import surges, and that old classic, 122, for balance of payment.
In fact, America accounts for almost one-third of global consumption, and so Trump's thinking is access should not be given away for free.
So he wants other countries to lower their trade barriers, buy more American goods, move production into the US, and stop using taxes and fines to raid American companies.
So tariffs are the leverage, and for 30 years, Washington treated access to the American consumer as a charitable donation to the rest of the world.
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