<h1>New US tariffs under Section 301 may raise manufacturing costs, risk jobs, and face legal challenges soon</h1> New US tariffs announced by the administration are projected to increase manufacturing costs by 2 to 4.5 percent, potentially squeezing factory profits and risking wage stagnation, layoffs, and plant closures. The tariffs, ranging from 15 to 50 percent on imports from multiple countries, aim to boost domestic jobs and reduce the budget deficit but face criticism for raising production costs and consumer prices. Key sectors in swing states heavily reliant on manufacturing may suffer economic setbacks. Legal challenges to the tariffs' emergency basis are pending before a US appeals court. While the administration claims tariffs will not cause inflation, independent analyses suggest increased import prices and reduced household income. Businesses dependent on imported materials and machinery face higher expenses, limiting expansion and hiring. The tariffs' long-term impact on economic growth and job creation remains uncertain amid ongoing trade negotiations and market adjustments.