Lead summary from Reason.com
Plus: House votes on war powers as Trump enters Iran war "revenge mode," Ted Cruz worries about AI, Marvel movies are planned through 2042, and more...
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A bipartisan bill championed by the late Senator Lindsey Graham has become mired in a dispute over expanding President Trump’s tariff power.
Read at NYT > U.S. > Politics →Australia’s trade minister, Don Farrell, says tariff regime is unjustified and inconsistent with free trade agreement with USFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastDonald Trump has hit Australian exports with new trade tariffs, claiming the country is not doing enough to combat forced labour, but the Albanese government has demanded he remove them immediately.The United States announced on Friday morning (AEST) that many Australian exports now attract a new 12.5% tariff as part of a broader regime affecting dozens of countries. However the Albanese government says Australia’s three largest export categories – including beef and gold – will avoid the tariff hit. Continue reading...
Read at US news | The Guardian →President Donald Trump’s tariffs, which had already cost America at least 100,000 manufacturing jobs as of February, have previously been described by experts as “madness” and “senseless.” But according to a polling expert on Thursday, a new survey reveals that they have also literally created a “bizarro world” in terms of voter opinions on economic policy.Speaking with CNN’s John Berman on Thursday, polling expert Harry Enten broke down a recent CBS News/YouGov poll which found that only 37 percent of Americans support Trump’s tariffs while 63 percent oppose them. Despite this lopsided view against tariffs, Trump continues to levy them in response to everything from foreign policy disagreements to concerns about the state of the economy.“The bottom line is this: the American people have seen what tariffs have done to the economy, and they, simply put, do not like it and have turned against the president of United States who, like I said, it feels like bizarro world because from a political standpoint, it is absolute insanity,” Enten told Berman. “They keep trying to do something that the American people clearly, very much do not like.”Speaking with AlterNet about the tariffs earlier in July, Dr. Robert Shapiro — undersecretary of commerce for economic affairs in the administration of President Bill Clinton and principal economic adviser to Clinton's 1992 campaign — explained that part of their unpopularity stems from how they destabilize the business community. American businesses need a steady tariff environment to be able to proceed with a sense of sound knowledge, but Trump’s constant tariff pivots have upended that.“It's about uncertainty,” Shapiro told AlterNet. “Every investment is based on an assessment of the likely future demand for whatever you're investing in, and how much it's going to cost to produce it. So there are assumptions about labor costs, material costs and other input costs — and again, about demand. If you have a set of arrangements that give you some confidence about the price of your inputs coming from Mexico or Canada, or about demand for goods in Canada — and don't forget, we have virtually no trade deficit with Canada; we have enormous trade, and it goes in both directions — so it's certainly right, and it's not just about investments based on these probabilities that the trade agreement can help reduce uncertainty about.”Shapiro added, “It's also about how much you're going to produce today, apart from investment, because you've got thousands of companies selling goods or services into Canada. And so there's uncertainty about whether this will lead to more conflict with Canada, which would hurt Canadian demand for US goods, or whether Canada will impose a new tariff in retaliation for ours that makes my goods less competitive there. Of course it's bad — it's bad for American workers, it's bad for American investment.”
Read at Alternet.org →American families are unlikely to be reimbursed for the money they lost to President Donald Trump’s illegal tariff plan.U.S. Trade Representative Jamieson Greer thwarted attempts by the Senate Finance Committee Wednesday to pin down when the Trump administration would return the money it has reaped from American consumers since Donald Trump initiated his “Liberation Day” tariffs in April 2025.“The question I’m asking the administration: Are you going to give money back to the American people who paid more?” asked Massachusetts Senator Elizabeth Warren. “What the data shows is that the American people picked up about 95 percent of the costs of those Trump tariffs.”Warren then cited a figure from a February 2026 fact sheet compiled by the Joint Economic Committee Minority, which estimated at the time that Trump’s tariffs had cost American families more than $1,700 each over the course of his second term.“I just want to know if you even have the slightest effort—are making even the slightest effort—to try and get some of that money back into the pockets of American families,” she continued. “Or does that just not matter to the Trump administration?”“So what happened is the foreign and domestic importers, right? Who were buying foreign goods, not goods from American workers, foreign goods made by foreign workers who had to pay a fee on those foreign goods, those foreign importers … they can file, they had to pay the tariff, they can get the tariff back,” Greer said, throwing the responsibility of the situation on the Biden administration and what he suggested was its poor budgeting.“I take that what you’re saying … is that the Trump administration just doesn’t care,” Warren said, chastising Greer for fixating on foreign producers rather than struggling Americans. “[The administration] isn’t even lifting a finger to try and get one nickel of the money that was collected from consumers back into the pockets of consumers.”She then accused the White House of attempting to peel even more money from the American public by implementing new tariffs under an “obscure law from the 1930s.”“Here’s my question: Ambassador Greer, if the Supreme Court strikes down your next round of tariffs, do you have a plan in place on how to return the money that American consumers pay under those tariffs?” she asked.But Greer only regurgitated his previous response, claiming that U.S. Customs had already outlined how foreign manufacturers could recoup their losses.Warren grills Jamieson Greer about if the Trump administration has any sort of plan to return money American families spent on Trump's illegal tariffs back to them. But Greer quickly pivots to talking about importers, revealing that in fact American families are not on the… pic.twitter.com/tHGebnIfYx— Aaron Rupar (@atrupar) July 22, 2026The Supreme Court deemed Trump’s “Liberation Day” tariffs illegal in February, throwing not only the White House’s economic plan into wack, but also the primary driver behind the administration’s foreign policy agenda. The ruling, however, did not stop the president, who within days had already announced new plans to impose more global levies.
Read at The New Republic →2 publishers
The Wall Street Journal’s editorial board published an op-ed on Friday ripping President Trump’s latest “obsession” with tariffs that “despite their political unpopularity and economic harm.” The administration announced its newest slate of policies that are replacing the lapsing Section 122 tariffs with Section 301. The editors said Trump “doesn’t seem to care about the…
Read at The Hill News →President Trump announced new tariffs of up to 12.5% to replace expiring Section 122 levies. Here are the rates for each country.
Read at Politics - CBSNews.com →2 publishers
Plus: House votes on war powers as Trump enters Iran war "revenge mode," Ted Cruz worries about AI, Marvel movies are planned through 2042, and more...
Read at Reason.com →President Trump said Tuesday that he has postponed his planned summit in China later this month because of the U.S. war with Iran.
Read at The Washington Times stories: Politics →