Trump’s revamped tariff wall is solidifying with new statutes
Fresh tariffs resulting from the US’ forced labour investigations reveal a troubling direction of travel
Add BT as a preferred source
[SINGAPORE] Amid the expiration of the Section 122 tariffs and a flurry of threats that failed to materialise, it is tempting to dismiss US President Donald Trump’s tariff plans with a now-infamous acronym: Taco, or “Trump Always Chickens Out”.
As a Bloomberg Economics analysis found, 39 of the 63 tariff threats made between November 2024 and July 2026 were either withdrawn or have yet to be imposed.
These can be attributed to economic considerations or legal challenges, especially after the Supreme Court ruling in February 2026 that denied the International Emergency Economic Powers Act (IEEPA) as a justification for tariffs.
TRENDING NOW
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Car-rental firm Charlotte Vehicle allegedly owes about S$140,000 to 34 customers
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
