U.S. Trade Rep: Trump's tariffs unlikely to affect economy
The U.S. Trade Representative stated that the tariffs imposed by President Trump on 60 trading partners due to their lax enforcement of forced labor bans will not impact the U.S. economy, as their rates range between 10% and 12.5% and are similar to international measures. He added that the focus is on a smaller group of countries, with ongoing investigations into additional tariffs on some partners, while these measures are not expected to influence the Federal Reserve's monetary policy decisions.
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