Trump’s third and maybe final attempt to build a global tariff wall
Donald Trump has announced new tariffs on 60 trading partners, affecting nearly all imports into the US. The tariffs, ranging from 10 to 12.5 percent, are justified by the administration's claims regarding forced labor in imports. This move marks Trump's third attempt to establish a global tariff wall, despite previous legal challenges to similar measures.
- ▪The new tariffs cover 99.4 percent of all imports into the US.
- ▪Countries deemed to have made some progress against forced labor will face a 10 percent tariff, while others will face 12.5 percent.
- ▪The tariffs are seen as a continuation of Trump's protectionist policies rather than genuine concerns about forced labor.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.