Bob Elliott
· Nonconsensus
· April 10, 2026 at 10:36
· ⏱ 4 min read
| Read on Substack ↗
Summary
The author provides a brief update on US trade policy, noting that the Trump administration has maintained tariffs at 10% and is preparing to roll out new Section 301 tariffs. This trade war continuation is happening in the background of more prominent geopolitical events, such as war negotiations with Iran.
•The Trump administration has kept most tariffs in place at 10% using a 150-day bridge provision.
•The administration is actively working on implementing new Section 301 tariffs against all trade partners.
•These trade war developments are occurring while market focus is on the kinetic war in the Mideast and upcoming Iran negotiations.