Trump imposes new double-digit tariffs on dozens of countries
Summary
President Donald Trump is introducing new tariffs of 10 to 12.5 percent on imports from 60 countries that make up 99 percent of all US imports. These tariffs target countries that have not enforced bans on goods made with forced labor and replace temporary tariffs that recently expired.Key Facts
- The new tariffs apply to goods from 60 trading partners of the United States.
- Tariffs range between 10 and 12.5 percent on these imports.
- The tariffs focus on countries that have not properly enforced bans on forced labor products.
- The tariffs begin right after temporary 10 percent tariffs expired on Friday at midnight Washington time.
- President Trump is using Section 301 of the Trade Act of 1974 to impose these tariffs, a law that allows tariffs against unfair trade practices.
- Section 301 tariffs were also used earlier on China and have withstood court challenges.
- The Trump administration is investigating other countries for possible overproduction that harms US companies.
- The move follows a Supreme Court ruling that stopped the president from using other laws (like IEEPA) to impose tariffs.
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