Trump to slap 'sweeping' new tariffs on 60 trade partners as global duties expire
Trade Representative said in a fact sheet Thursday afternoon.
- ▪Trade Representative said in a fact sheet Thursday afternoon.
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The Trump administration will impose new tariffs just after midnight ET Friday on dozens of countries over alleged forced-labor violations, according to a notice in the Federal Register.The duties, set between 10% and 12.5%, will effectively replace President Donald Trump's temporary 10% global tariffs, which are set to expire at the same time as the new ones take effect.The forthcoming tariffs will apply to 60 trade partners and cover 99.4% of U.S. trade, the Office of the U.S. Trade Representative said in a fact sheet Thursday afternoon.
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