Explained: Trump's new tariffs on 60 trading partners after Supreme Court setback
From invezz.com
The United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking the first major step by President Donald Trump's administration to rebuild its global tariff regime after the US Supreme Court struck down his previous reciprocal duties earlier this year. The new measures, introduced under Section 301 of the Trade Act of 1974, replace the temporary universal 10% tariff that expired at 12:01 a.m. EDT on Friday. They cover 99.4% of US imports, although a wide range of products, including energy, ...
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