“The U.S. will impose tariffs ranging from 10% to 12.5% on its major trading partners as part of a new set of duties that the Trump administration says are designed to combat forced labor,” the Wall Street Journal reports.
“The new duties, announced by U.S. Trade Representative Jamieson Greer’s office on Thursday, are meant to replace Trump’s temporary 10% global tariff, which expires early Friday. Trump put that temporary tariff in place in February, after the Supreme Court struck down most of his global tariffs.”
“The new levies target 60 countries that Greer’s office says represent about 99% of U.S. trade. Countries that have laws on the books to combat forced labor were given a 10% tariff, while those without such statutes were given a 12.5% tariff.”
New York Times: “The move provides fresh evidence of Mr. Trump’s intention to transform global trade, despite numerous court challenges and the protests of U.S. consumers and businesses that have been stuck with higher tax bills.”
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