China, Trump and tariffs
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Forced labour’ duties replace Trump administration’s original sweeping levies but are unlikely to generate the same level of global shock.
By David Lawder WASHINGTON, July 24 (Reuters) - The United States on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the EU and China, alleging those countries failed to curb imports made by forced labor,
Two lawsuits filed by small businesses are looking to overturn recent tariffs imposed by the Trump Administration.
The administration launched new duties tied to countries’ imports of goods made with forced labor, replacing a 10 percent tariff immediately after it expired.
The new levies come after the Supreme Court struck down most of the Administration’s previous tariffs.
The Trump administration will impose tariffs of up to 12.5% on goods from 60 U.S. trading partners accused of failing to crack down on forced labor, extending the administration's tariffs on much of the world.
President Donald Trump vowed to find other ways to tax foreign goods after the Supreme Court rejected his most aggressive tariffs earlier this year. On Thursday, his administration unveiled its latest workaround.
China's trade with U.S. midsize businesses plummeted 20% as Trump tariffs hit 37.4%, forcing companies to shift suppliers to Southeast Asia and beyond.
U.S. President Donald Trump’s latest set of tariff hikes has provoked heated objections from America’s trading partners.
Retired US Marine colonel William ‘Burner’ Dunn reacts to US President Donald Trump defending Russia and China and stating they are not helping Iran.