Trump Proposes 10-12.5% Tariffs on 60 Trading Partners Over Forced Labor Concerns
By
Alicia Diaz, Jennifer A Dlouhy
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Summary
President Donald Trump is proposing new tariffs of at least 10% on imports from 60 trading partners, including Canada, Mexico, the EU, Taiwan, and the UK, following an investigation into goods allegedly produced by forced labor. Major economies like China, India, Japan, South Korea, Brazil, and Switzerland would face a higher 12.5% levy. The move aims to rebuild the tariff wall that was previously struck down by the US Supreme Court.
Key quotes
· 4 pulledThe US is proposing new tariffs of at least 10% on imports from 60 trading partners following an investigation into goods allegedly produced by forced labor
President Donald Trump seeks to rebuild the sweeping tariff wall struck down by the US Supreme Court
The 10% rate would apply to imports from Canada, Mexico, the European Union, Taiwan and the UK, among other places
Products from other major economies, including China, India, Japan, South Korea, Brazil and Switzerland, would be subject to a 12.5% levy
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