White House continues to shift tariff policies and exemptions

Breakdown

• The White House has exempted certain products, including some lumber and metals, from tariffs due to their unavailability in the U.S. 11s
• New tariffs have been imposed on imported trucks, truck parts, and buses under section 232. 46s
• Businesses have largely absorbed tariff costs so far but are finding it increasingly difficult not to pass these costs to consumers. 56s
• The Supreme Court is set to review the president's authority to impose tariffs, with the possibility of requiring the government to repay $165 billion in tariff revenue if the administration loses. 1m 16s
• An estimated 70 percent of tariffs could be removed if the Supreme Court rules against the administration. 2m 15s