US announces new tariffs over forced labour concerns
Summary
The US government announced new tariffs of 10-12.5% on goods from 60 countries due to concerns about forced labor in their supply chains. This is part of an ongoing effort by President Donald Trump's administration to address imports linked to forced labor after a recent investigation found that these countries have not enforced laws against such imports.Key Facts
- The new tariffs apply to 60 countries, including the UK, EU, Canada, and Japan.
- These countries represent almost all goods imported into the US.
- The US Trade Department says these countries failed to stop imports made with forced labor.
- The tariffs range between 10% and 12.5%.
- This is the second round of tariffs announced after the US Supreme Court struck down many previous tariffs in February.
- President Trump criticized the Supreme Court's decision and called the justices "fools."
- The new tariffs follow a US investigation that started in March targeting 60 trading partners.
- The existing temporary 10% global tariff is set to expire in July unless extended by Congress.
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