Trump’s new tariffs ‘a sales tax that will make life harder for Americans’, say Democrats – US politics live
The US supreme court ruled many of those were illegal. France’s Cac 40 initially fell almost 1% before moving into positive territory, up 0.12%.Similarly, Germany’s Dax fell 8% before erasing losses to climb 0.51%. In the UK the FTSE 100 index rose 0.28% in early trading.
- ▪The US supreme court ruled many of those were illegal.
- ▪France’s Cac 40 initially fell almost 1% before moving into positive territory, up 0.12%.Similarly, Germany’s Dax fell 8% before erasing losses to climb 0.51%.
- ▪In the UK the FTSE 100 index rose 0.28% in early trading.
The Guardian — World publishes from United Kingdom and files mainly under world. We currently carry 2,056 of its stories.
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5m ago06.46 EDT‘Forced labour’ rationale for fresh tariffs met with bewildermentMark SweneyDonald Trump has once again inspired anger and confusion in US allies and trading partners as he imposed a wave of tariffs on more than 80 countries, replacing an expiring global duty introduced earlier this year.The new measures effectively replace blanket 10% tariffs that Trump imposed in February. The US supreme court ruled many of those were illegal. The new levies come in at between 10% and 12.5% on countries including the UK, Mexico, Canada, Australia, India, China and the 27 countries that make up the EU.They are imposed under section 301 of the US Trade Act of 1974, and the Trump administration has said the new measures are due to the dozens of countries failing to enforce bans on goods…
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