1 Day
Source:
Los Angeles Times
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Overview of Trump's new tariffs
President Trump has imposed new double-digit tariffs on imports from 60 countries, covering 99% of U.S. imports, citing concerns over forced labor. The tariffs range from 10% to 12.5% and are intended to replace previously struck-down global tariffs, with some exclusions such as oil, fertilizers, and products under existing trade agreements. These measures have faced criticism from trading partners and critics who argue they raise prices and do little to address forced labor issues. The tariffs are expected to generate revenue for the U.S. Treasury but may contribute to higher costs for American consumers and businesses.
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