Trump's tariffs' impact on shipping costs

Global shipping costs have reached their highest levels in two years, with shipping rates between Asia, Europe, and the United States rising significantly amidst expectations of new American customs duties in July. Investigations also revealed that 60 countries failed to enforce laws banning forced labor, prompting the U.S. administration to impose a 12.5% tariff on imports from these countries, including China and India. Meanwhile, the Trump administration is threatening to impose additional taxes on European countries that levy taxes on American digital companies.

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