US Tariffs Hit a Roadblock, Trump's Trade War Continues
US tariffs struck down by court, Now uncertain, a trade future to explore.
In the US, a court made a big call,
Striking down tariffs, one and all,
President Trump's plan, now in disarray,
Fentanyl tariffs, gone, come what may.
Striking down tariffs, one and all,
President Trump's plan, now in disarray,
Fentanyl tariffs, gone, come what may.
Tariffs on China, Mexico, and Canada too,
Were meant to curb smuggling, but now what to do?
The ruling affects, a 10% baseline fee,
On all imports, a tariff, no longer to be.
Were meant to curb smuggling, but now what to do?
The ruling affects, a 10% baseline fee,
On all imports, a tariff, no longer to be.
But steel and aluminium, and cars, are exempt,
Their tariffs remain, no need to lament,
The US Customs data, shows what's at stake,
$11.8bn, from fentanyl tariffs, now at risk to break.
Their tariffs remain, no need to lament,
The US Customs data, shows what's at stake,
$11.8bn, from fentanyl tariffs, now at risk to break.
$1.2bn, from reciprocal tariffs, also in doubt,
While metals and car parts, tariffs, still hold out,
$23.4bn, from China tariffs, unaffected by the test,
A big revenue source, that still does its best.
While metals and car parts, tariffs, still hold out,
$23.4bn, from China tariffs, unaffected by the test,
A big revenue source, that still does its best.
Analysts say, the tariffs, struck down, would raise,
Almost $200bn, in a year, no need to pause,
The court ruling, reduces the US tariff rate,
From 15% to 6.5%, a significant weight.
Almost $200bn, in a year, no need to pause,
The court ruling, reduces the US tariff rate,
From 15% to 6.5%, a significant weight.
Countries may wait, before making a deal,
As the White House's appeal, still has to reveal,
The EU, Japan, and Australia, may hold off too,
Until the outcome, of the appeal, is clear to view.
As the White House's appeal, still has to reveal,
The EU, Japan, and Australia, may hold off too,
Until the outcome, of the appeal, is clear to view.
Stock markets reacted, with a positive tone,
But uncertainty remains, the outcome unknown,
Trump may try, to reimpose the tariffs, with a new plan,
Under different laws, to keep his trade war in hand.
But uncertainty remains, the outcome unknown,
Trump may try, to reimpose the tariffs, with a new plan,
Under different laws, to keep his trade war in hand.
The WTO, said trade, had deteriorated fast,
Due to Trump's tariffs, a sharp decline to forecast,
But the court ruling, might help trade to recover some,
But the impact of uncertainty, still has to be undone.
Due to Trump's tariffs, a sharp decline to forecast,
But the court ruling, might help trade to recover some,
But the impact of uncertainty, still has to be undone.