00:00The Supreme Court took away President Trump's favorite economic policy tool, but that hasn't
00:05diminished his love of tariffs.
00:06He's using another weapon now to whack 80-plus countries with tariffs ranging from 10 percent
00:12to 12.5 percent, replacing the temporary levies he put in place after his legal setback.
00:18The reason cited?
00:19These countries aren't doing enough to keep forced labor out of the supply chains of their
00:24own imports, and that's hurting American manufacturers.
00:26The problem is, companies are going to find these tariffs disruptive, and legal challenges
00:31are likely.
00:32He's also targeting countries that contribute to industrial overcapacity.
00:37That's basically when factories produce too much and flood the market.
00:41And in a big surprise, Trump just rolled out a never-before-used tariff authority on Canada,
00:46threatening the U.S.'s northern neighbor with 50 percent levies because of old grievances
00:51tied to alcohol, autos, and the dairy industry.
00:55So, a lot of questions still remain.
00:57Will Trump try to use this tariff authority at will?
01:00How will Americans view these latest strains on their cost of living?
01:04And can companies continue to absorb these hits to their bottom line?
01:08It's too soon to know all the answers, but one thing is clear.
01:10While the authorities Trump is using may be changing, his overall trust in tariffs to strengthen
01:16the U.S. economy hasn't faded in the least.
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