The United States will implement tariffs ranging from 10% to 12.5% on more than 80 countries, according to Jamieson Greer, the US trade representative. This decision replaces a 10% global duty that was set to expire. The tariffs will be enacted under section 301 of the Trade Act of 1974, which targets countries accused of engaging in forced labor.
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US to Impose New Tariffs on Over 80 Countries
The US plans to impose new tariffs of 10% to 12.5% on over 80 countries, as announced by US trade representative Jamieson Greer. This action replaces an expiring 10% global duty and is part of the administration's trade policy aimed at addressing forced labor practices.
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Trump administration to impose fresh wave of tariffs on more than 80 countries
US to Impose New Tariffs on Over 80 Countries