Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday
- President Donald Trump is enacting new tariffs ranging from 10% to 12.5% on imports from 60 trading partners that account for roughly 99% of U.S. imports.
- The updated trade levies are scheduled to take effect as temporary 10% stopgap tariffs expire at 12:01 a.m. on Friday.
- The administration justified the double-digit duties by claiming the targeted nations have inadequately enforced bans on goods produced with forced labor.
- To implement these new measures, Trump is relying on Section 301 of the Trade Act of 1974 after the Supreme Court previously overturned his emergency-powers tariffs.
- Further import duties may be coming as the U.S. Trade Representative completes a separate probe into 16 countries over industrial overproduction.
1029 Articles
1029 Articles
Trump Halts White House Meeting Cold After Announcement of ...
President Trump is continuing to follow a “stick and carrot” approach to foreign policy as he tries to reposition the United States as the preeminent economic power in the world. That includes widespread use of tariffs imposed on countries who don’t reflect U.S. values or goals. To that latter point, the president is increasing tariffs on imports from 60 countries that have not enacted bans on goods produced with forced labor, as the current 10%…
US’ tariffs suggest a shift in the trade order
Following the expiration of the US’ global 10 percent tariff measure under Section 122 of the Trade Act, Washington announced new tariffs ranging from 10 to 12.5 percent on imports from 60 economies, citing Section 301 of the act. Taiwan and the EU are subject to a 10 percent tariff that is not stac
US 12.5% tariff unlikely to hurt Nigeria
The body said the direct economic implications for Nigeria would be limited because most of the country's exports to the United States are petroleum products, which are exempt from the tariffs. The post US 12.5% tariff unlikely to hurt Nigeria – CPPE appeared first on Premium Times Nigeria.
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