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Explained: Trump's new tariffs on 60 trading partners after Supreme Court setback
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, ... (full story)
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U.S. President Donald Trump's latest set of tariffs drew objections Friday from America's trading partners including China and Japan, with Australia's trade minister slamming them as completely unjustified. The administration announced tariffs of 10% to 12.5% on 60 economies late Thursday, saying the countries had failed to adequately enforce a ban on ...
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