President Trump is rushing to implement new tariffs by a July 24 deadline after the Supreme Court invalidated previous emergency-powers import taxes, leading to massive refunds. In response, Trump offered to reduce aluminum tariffs for companies that commit to building manufacturing facilities within the U.S. Furthermore, he announced a two-year 0% tariff exemption for generic drugs starting August 1, after which rates will sharply increase to 100% and eventually 200%.
