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Trump Team Proposes New Tariff Round On 60 Countries Over Forced Labor Practices
The U.S. Trade Representative has issued an overnight statement and proposed a new round of tariffs of at least 10% on imports from 60 trading partners, marking the administration's largest attempt yet to rebuild its tariff empire after the Supreme Court struck down earlier levies. The new duties stem from Section 301 of the Trade Act of 1974, which investigates whether trading partners are failing to block products made with forced labor - or slave labor. Those tariffs would apply to Canada, Mexico, the EU, Taiwan, and the UK, while goods from China, India, Japan, South Korea, Brazil, and Switzerland would face a ... (full story)